Fannie Mae / Freddie Mac 2008 Loan Limits

This is not legal advice for your situation*

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.

*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.