The Federal Housing Fiance Agency (FHFA) yesterday announced the conforming loan limit will remain $417,000 for the rest of 2009 for most areas in the us, but specified higher limits in certain cities and counties. The conforming loan limit is the maximum size of loans that Fannie Mae and Freddie Mac can purchase in 2009.
Middlesex County is one of the few areas that will be above $417,000 which is good news!
Middlesex County
SFR/Condo – $465,700 (loan amounts)
2 Family – $596,250
3 Family – $720,700
4 Family – $895,700
Other counties that are the same as Middlesex: Suffolk, Norfolk, Plymouth, Essex and Bristol.
A few of the mortgage brokers I work with will be able to offer these loans by the end of November. If you have questions about this, please let me know.
