UPDATE 03/06/2008 Fannie Mae announced today that the
conforming loan limit will raise effective April 1, 2008
for fixed rate loans and May 1, 2008 for ARM rate loans.
These limits will only effect high cost areas which
DOES NOT include any city or county in the states of
Wisconsin or Illinois. Areas to benefit from this
increase will be officially be announced tomorrow. More
soon...
UPDATE 01/13/2008:
The temporary increase in the conforming loan limit that
President Bush signed into law today will help bring
stability, liquidity and affordability to an important
part of the housing finance system. Fannie Mae is
working with their regulators and
their lender partners to implement the change as quickly
as possible. As soon as the change is implemented we
will post an update on this page.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fannie Mae today announced that its 2008 conforming loan
limits would remain at the limits set in 2006 and 2007,
as determined by the Office of Federal Housing
Enterprise Oversight (OFHEO).
Limits for single-family mortgages purchased by Fannie
Mae will remain at the 2006 and 2007 level of $417,000
for one-unit properties for most of the U.S. Limits for
multi-unit loans for 2008 will be as follows: two-family
loans $533,850, three-family loans $645,300, and
four-family loans $801,950. The 2008 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.
All Wisconsin and Illinois Mortgage Programs
100% Financing (No Money Down) Programs
First Time Home Buyer Mortgage Programs
My Community Mortgage
Government Loans including
FHA,
VA
and
Rural Housing
Wisconsin Refinance Illinois Refinance Programs
Current Wisconsin and Illinois Mortgage Rates
About
Ameristar Mortgage
Apply or Pre-qualify Online
Contact Ameristar Mortgage
|
