As you all are aware by now, Fannie Mae has increased their 2006 maximum loan limits. For a copy of Fannie Mae's announcement, click here. The increased Fannie Mae loan limits for 2006 are: $417,000 for a single unit dwelling, $533,850 for a 2-unit dwelling, $645,300 for a 3-unit dwelling, and $801,950 for a 4-unit dwelling. Many state high cost loan laws and regulations reference the Fannie Mae loan limits, usually in the form of a ceiling above which the state specific high cost loan provisions do not apply. Here is a quick and brief recap of the impact of Fannie Mae's maximum loan limit increases on state specific high cost calculations:
