Blog tagged as Loan Limits

Conforming loan limits (1980-2012)

A conforming mortgage is one that, literally, conforms to the mortgage guidelines as set forth by Fannie Mae and Freddie Mac. 

Conforming mortgage guidelines are Fannie's and Freddie's eligibility standards; an underwriter's series of check-boxes to determine whether a given loan should be ...

25.11.11 04:45 PM - Comment(s)

FHA Loan Limits RestoredAfter a brief return to lower, pre-2009 levels, FHA loan limits have been restored. As signed into law last Friday, maximum FHA loan limits are -- once again -- as high as $729,750.

The move creates additional mortgage financing possibilities in more than 650 U.S. counties, and promises to increase t...

22.11.11 04:45 PM - Comment(s)
Conforming Loan Limits lowered in 2011 For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent. The following are FHA and Conforming (enhanced) mortgage loan limits for purchase and refinance transactions in VIrginia: - Richmond Area: $535,900 - DC Metro (N Va including Frederic...
04.10.11 04:05 PM - Comment(s)