Wednesday, December 07, 2005

Conforming Limits Raised


For properties in the United States (except Alaska, Hawaii, Guam and the U.S. Virgin Islands):

  • $417,000 for mortgages on one-family properties (up from $359,650)
  • $533,850 for mortgages on two-family properties (up from $460,400)
  • $645,300 for mortgages on three-family properties (up from $556,500)
  • $801,950 for mortgages on four-family properties (up from $691,600)

For properties in Alaska, Hawaii, Guam and U.S. Virgin Islands:

  • $625,500 for mortgages on one-family properties (up from $539,475)
  • $800,775 for mortgages on two-family properties (up from $690,600)
  • $967,950 for mortgages on three-family properties (up from $834,750)
  • $1,202,925 for mortgages on four-family properties (up from $1,037,400)

The increase in loan limits is based on the October-to-October changes in the average house prices, as published by the Federal Housing Finance Board, (FHFB), and on Supervisory Guidance issued by the Office of Federal Housing Enterprise Oversight (OFHEO).

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