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2008 Conforming Loan Limit Announced By OFHEO

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Washington, DC - Office of Federal Housing Enterprise Oversight Director James B. Lockhart today announced the maximum 2008 conforming loan limit for single-family mortgages purchased by Fannie Mae and Freddie Mac (the Enterprises) will remain at the 2007 level of $417,000 for one-unit properties for most of the U.S. Higher limits apply to Alaska, Hawaii, Guam and the U.S. Virgin Islands as well as to properties with more than one unit.

 

 

 

 



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Comments (5)

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PATRICK: the only one in a state of delusion is you. Do you have any evidence to support your "opinion" that now is the worse time to buy or that there is a housing bubble which has not fully deflated? Please don't bother pointing to the opinions of others either, those are worthless as well. Do you claim to be able to read the future or possess all knowledge of everything? Every market is different. This market will create a great deal of new wealth. Don't believe me? To bad.

Above Posted By: Marco Monteiro | Fri, 7 Dec 2007 18:48:29 EST

B.S. all the way!!! We are in a Jumbo state up here in Northern Cali help us raise the limit man!!!

Above Posted By: underwriter | Thu, 6 Dec 2007 17:41:07 EST

You are in a state of delusion. There is a housing bubble and it has not fully deflated yet. If you are a buyer, now is the worse time to buy. The market has a lot of bottoming out to do before we can finally say it is wise to buy a house.

Above Posted By: PATRICK | Mon, 3 Dec 2007 22:42:48 EST

This doesn't help at all! There are many NEW and/or still ignored "High Cost" areas. California is definitely one of them. At least it's good to know that the OFHEO cares about Americans and one of the nations largest, most critical market. Sounds like more trouble is ahead unfortunately. Many potential buyers will be unable to find fair financing and will ultimately stay out of the market, leaving large inventories on the market and causing prices to continually decline.

Above Posted By: Marco Monteiro | Wed, 28 Nov 2007 16:34:22 EST

wow...that doesn't help much

Above Posted By: Dan | Tue, 27 Nov 2007 23:19:47 EST


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