Hello all,
Just wanted to let you know of the new increase in government loan limits--Along with outstanding price deals on homes this has increased our home sales--Now is really the best time to buy--many investors are out there and we our seeing multiple offers--
The Federal Government anounced on Wed. temporarily increased limits on conforming loans offered by government-sponsored enterprises Fannie Mae and Freddie Mac, from $417,000 to as high as $729,750 in fourteen counties in California for loans originated between July 1, 2007 and Dec. 31, 2008. Fannie and Freddie are reported to be working out new underwriting standards and expect to begin offering the new loans soon.
In El Dorado County the conventional loans are up from $ 417,000 to $ 580,000. Please check with your lender or go to -
To find out about your county requirements
Comments(2)