My Real Estate Blog

April 22nd, 2009 7:49 AM
As many of you are aware, the temporary loan limits were increased as part of the Economic Recovery Act.  The loan limits were to be raised from the $625,500 to the limits at the end of last year, in this area $729,750.
 
FHA was quick to make the changes, we have been able to do FHA loans up to $729,750 since March 4th.  Fannie Mae and Freddie Mac took a lot longer to release the lending instructions to lenders and thus the delay.  I am happy to report that the Conventional loan limit will be increased to $729,750 as of April 27th. 
Posted by Jim McCowan on April 22nd, 2009 7:49 AMPost a Comment (0)
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