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Monday, November 10, 2008

2009 Fannie Mae and Freddie Mac Conforming Loan Limit

Posted by Brad Lynch
The report is out. Conforming Loan Limits will remain unchanged.

There were many families in the United States that had hopes for an increase in the the conforming loan limit. Those families with current loan pay offs near or higher than $417,000 and higher loan to values, had hopes that the new conforming limits would increase so that their Loan to Values would be accepted in the less stringent conforming guidelines. Word is out, and those families will have to wait until at least 2010 for such expectations. The report came out today as I read on Reuters , the comforming loan limit will remain at $417,000 for 2009.
For more in depth details, click on the Reuters hyper link above.
at 12:12 PM
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Testimonials & About Me

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Frisco, Texas, United States
In 2002, Brad Lynch began energetically consulting families in finding the right mortgage plan for their needs. In the beginning years, he was trained by a mentor who led by example, and this example was the epitome of integrity. Brad learned in the beginning by his mentor that many prospects may not consciously see what good intentions he has for them, do to the “wrap” many have caused w/in this industry, but always do what is right for the customer and in the end it will payoff. Integrity coupled with an energetic nature to nurture relationships, Brad has created clients for life. Through these clients for life, referrals have become the lifeblood of his business.