NOTE: Please see
2008 Conventional Loan Limits
Fannie Mae announced an increase in its single-family mortgage loan
limits from $359,650 to $417,000 effective immediately. Throughout
our Web site AmeristarMadison.com has modified the new loan limits.
You are not required to do anything.
Conforming loan limits may adjust annually. The conforming loan
limits adjustments are based on the October-to-October changes in
the mean (average) home price, as published by the Federal Housing
Finance Board (FHFB). The FHFB figures come from its monthly survey
of lenders. Both new and existing homes are included in the survey.
Limits for multi-unit loans for 2006 will be
as follows: two-family loans $533,850, three-family loans $645,300,
and four-family loans $801,950. The 2006 loan limit for second
mortgages will be $208,500.
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.
Current Wisconsin and
Illinois Mortgage Rates
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Programs
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