The House and Senate both approved H.R. 3081 which included the 
extension of the increased conforming loan limit in high cost areas. This extension covers conforming loans limits that are backed by Fannie Mae, Freddie Mac and FHA (Federal Housing Administration) and will be in effect through the new fiscal year which ends September 30, 2011. The maximum amount of conforming and FHA loans will remain as high as $729,750. Here are some of the conforming loan limits in Virginia: . Richmond City MSA $528,750 Washington DC Metro $729,750 Charlottesville MSA $425,000 Winchester MSA $475,000 VA Beach/Norfolk MSA $428,750 . It is expected that President Obama will sign the legislation. .www.paulcantor.info
extension of the increased conforming loan limit in high cost areas. This extension covers conforming loans limits that are backed by Fannie Mae, Freddie Mac and FHA (Federal Housing Administration) and will be in effect through the new fiscal year which ends September 30, 2011. The maximum amount of conforming and FHA loans will remain as high as $729,750. Here are some of the conforming loan limits in Virginia: . Richmond City MSA $528,750 Washington DC Metro $729,750 Charlottesville MSA $425,000 Winchester MSA $475,000 VA Beach/Norfolk MSA $428,750 . It is expected that President Obama will sign the legislation. .www.paulcantor.info