| Conforming Loan Limit
Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with origination balances below a specific amount, known as the “conforming loan limit.” Loans above this limit are known as jumbo loans.
The national conforming loan limit for mortgages that finance single-family one-unit properties increased from $33,000 in the early 1970s to $417,000 for 2006-2008, with limits 50 percent higher for four statutorily-designated high cost areas: Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Since early 2008, a series of legislative acts have temporarily increased the one-unit limit to up to $729,750 in certain high-cost areas in the contiguous United States. Permanent limits, which apply to the Enterprises' acquisitions of certain mortgages originated prior to July 1, 2007, are set under the terms of the Housing and Economic Recovery Act of 2008 (HERA).
For every county in the country, maximum loan limits for mortgages originated in 2010 are equal to the maximum limits that were in effect for 2009-originated loans (as determined under the American Recovery and Reinvestment Act of 2009).
[NEW] Maximum Loan Limits for 2010-Originated Mortgages (Same as Limits for 2009 Originations)
Loan Limits for 2010 Mortgage Originations -- All Counties
Loan Limits for 2010 Mortgage Originations -- High-Cost Areas
Other Loan Limits
Maximum Loan Limits for 2010-Acquired Loans Originated Prior to 7/1/2007 (HERA-Limits)
HERA-Based Loan Limits for 2010-Acquired Loans -- All Counties
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Older (Previously Announced) Loan Limits
Loan Limits for Mortgages Originated in 2009 (American Recovery and Reinvestment Act-Limits)
Loan Limits for 2009 Mortgage Originations -- All Counties
Loan Limits for 2009 Mortgage Originations -- High-Cost Areas
Loan Limits for Mortgages Originated between July 1, 2007 and December 31, 2008 (Economic Stimulus Act of 2008 Limits)
Loan Limits for Mortgage Originations between 7/1/2007-12/31/2008 -- High-Cost Areas
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