Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Fannie And Freddie Loan Limits Remain $625,000 In Bay Area

Over the past year many things in the loan and real estate world have changed but one thing that will remain the same will be the conforming Fannie and Freddie loan limits for 2013.

Here in the Bay Area, the loan for mortgages acquired by Fannie Mae and Freddie Mac in 2013 will stay at $625,000 for one-unit properties.  For most areas the new limits cap at $417,000 but here in the Bay Area they range up to $625,500. For San Mateo, Santa Clara and San Francisco counties the limits remain unchanged for 2-unit properties ($800,775), 3-unit ($967,950) and 4-unit ($1,202,925).

The loan limits are established under the terms of the Housing and Economic Recovery Act of 2008 (HERA) and are calculated each year.

The law sets loan limits as a function of median home values in local areas. While some counties saw increases in home prices in 2012, no loan limit increases were evident after other HERA terms such as the statutory ceiling and floor were taken into account.

Full List Of All U.S. County Limits Available

For those who would like to take a look at the full county list of the 2013 maximum conforming loan limits in the country please click on the link here.

A detailed description of how the 2013 loan limits were determined can be found in the addendum link.

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

Conforming Fannie And Freddie Loan Limits Remain Unchanged In 2013

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Filed under California, Mortgages, San Francisco, San Jose, San Mateo county

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