Conforming Limits
Freddie Mac Base Conforming Loan Limits Are Unchanged for 2009; Higher Loan Limits in Certain High-Cost Areas
Conforming loans means that they meet the stipulations set forth by Fannie Mae and or Freddie Mac. On November 10, Freddie Mac announced that for 2009, we are maintaining the base conforming loan limits at the 2008 levels and increasing the conforming loan limits for certain high-cost areas based on the Federal Housing Finance Agency’s (FHFA) announcement on November 7, 2008.
Non Conforming loans will not meet the stipulations set forth by Fannie Mae and or Freddie Mac (such as credit quality or loan-to-value ratio).
Base Conforming Loan Limits:
For loan amounts over the Conforming Loan Limits would be considered a Jumbo Loan or a Super Jumbo loan. The base conforming loan limits for 2009 will remain at the following current levels:
No. of Units |
Maximum Base Conforming Loan Limits for properties NOT located in Alaska, Hawaii, Guam & U.S. Virgin Islands. |
Maximum Base Conforming Loan Limits for properties in Alaska, Hawaii, Guam & U.S. Virgin Islands. |
1 |
$417,000 |
$ 625,500 |
2 |
$533,850 |
$ 800,775 |
3 |
$645,300 |
$ 967,950 |
4 |
$801,950 |
$1,202,925 |
Please call us at 210-656-1134 for a Complimentary home loan consultation.
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