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Conforming Loan Limits for 2012 Announced

2012 conforming loan limits have been announced by the Federal Housing Finance Agency (FHFA) for mortgages owned by Fannie Mae and Freddie Mac. Conforming loan limits are the maximum loan sizes that Fannie Mae or Freddie Mac will purchase and or guarantee. Mortgages that exceed the conforming loan limit are called jumbo loans / mortgages […]

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Higher Conforming and FHA Loan Limits May Increase

Some good news for homeowners as the Senate voted yesterday to approve a measure that would restore the high balance conforming loan limit to $729,750 in high cost areas. The amendment was added to a spending bill by Senator Robert Menendez and was approved 60-31 in the Senate. If the larger spending bill is approved, […]

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Lawmakers Introduce Bill to Extend Higher Conforming Loan Limits

As part of the economic stimulus package in 2008, temporary loan limits were enacted to help homeowners in high-cost areas that were unable to get loans for more than $417,000 under the standard conforming loan limits regardless of their payment history, credit and income. Homeowners in areas such San Francisco, New York and Los Angeles […]

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