2010 County Loan Limits
Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with origination balances below a specific amount, known as the "conforming loan limit." Loans above this limit are known as "non-agency" or "jumbo" loans.
In response to the economic housing crisis, the Housing and Economic Recovery Act of 2008 (HERA) and the American Recovery and Reinvestment Act of 2009 (ARRA) allowed for an increase in the conforming loan limit. Because the loan limits are determined by the median income in a particular Metropolitan Statistical Area (MSA), the county loan limits vary from county to county.
Contact one of our experienced loan officers today to determine what the maximum loan limit is for a specific county or loan program or you may check the links below that are provided by the Federal Housing Finance Agency (FHFA). The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008. The Act created a world-class, empowered regulator with all of the authorities necessary to oversee vital components of our country’s secondary mortgage markets – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
Loan Limits for 2010 Mortgage Originations -- All Counties
Loan Limits for 2010 Mortgage Originations -- High-Cost Areas