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Fannie Mae / Freddie Mac 2008 Loan Limits

Both Fannie Mae and Freddie Mac have announced that conforming loan limits for 2008 will remain unchanged for a third year in a row.  Conforming loan limits for most of the U.S. are: $417,000 for loans secured by single-unit properties; $533,850 for two-unit properties; $645,300 for three-unit properties; and $801,950 for four-unit properties.  Conforming loan limits for Alaska, Hawaii, Guam and the Virgin Islands are 50% higher than the foregoing limits for the majority of the U.S.

Click here to view a copy of Fannie Mae's announcement.  Click here to view a copy of Freddie Mac's announcement.