Freddie & Fannie Loan Limits – Reprint

This comes from the National Association of Realtors:

Legislation Introduced to Make Loan Limits Permanent

Reps. Gary Miller (R-CA) and Brad Sherman (D-CA) have introduced H.R. 1754, the “Preserving Equal Access to Mortgage Finance Programs Act”. This legislation will make the current loan limits permanent. The current GSE limits range from $417,000 to $729,750, depending on local area median home price. The FHA limits range from $271,050 to $729, 750, also based on 125% of local area median home price. Both of these limits are set to expire on September 30, 2011 and will reset to 115% of local area median up to $625,500. This bill has been referred to the House Financial Services Committee.

2 responses to this post.

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