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New Conventional Loan Limits for 2005

NOTE: Please see 2008 Conventional Loan Limits

Fannie Mae announced an increase in its single-family mortgage loan limits from $333,700 to $359,650 effective January 1, 2005. Throughout our Web site AmeristarMadison.com has modified the new loan limits. You are not required to do anything.

Limits for multi-unit loans for 2005 will be as follows: two-family loans $460,400; three-family loans $556,500; and four-family loans to $691,600. The 2005 loan limit for second mortgages will be $179,825.

The maximum amounts for one-to-four-family mortgages and second mortgages in Alaska, Hawaii, Guam and the U.S. Virgin Islands are 50 percent higher than the limits for the rest of the country.


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