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Conforming Loans |
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Find current mortgage rates and
local lenders for conforming home loans. For a single
family residence (in most states) this means
any new home
loan under $417,000. |
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 Conforming
Loans - Get up to 4 Quotes |
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Jumbo & Super Jumbo |
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Contact
mortgage lenders and start comparing rates for home loans over $417,000.
From interest only to fixed rates, learn more about jumbo and super jumbo home loans
today. |
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Get
Jumbo & Super Jumbo Rates |
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Conforming Loan Limits - 2007 |
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Every year, new loan limits are announced for home loans which
may be purchased by the Federal National Mortgage Association
(FNMA, or Fannie Mae) and the Federal Home Loan Mortgage
Corporation (FHLMC, or Freddie Mac). These corporations are the
two largest "secondary market" agencies - corporations that
purchase closed loans from mortgage lenders.
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1 Family
- $417,000 (same as 2006)
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2 Family -
$533,850 (same as 2006)
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3 Family
- $643,500 (same as 2006)
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4 Family
- $801,950 (same as 2006)
These new limits are effective for
home loans
closed on or after
January 1, 2007 and are the same as limits set for 2006.
The maximum loan amounts for one-to-four family mortgages in
Alaska, Hawaii and the U.S. Virgin Islands are 50% higher than
the limits for the rest of the country. Conforming loans refer to loan sizes that 'conform' to the
maximum loan amounts listed above. |
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