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March 19, 2009
Conforming Loan Limits
Does anyone know why none of the banks that I called today have picked up on the change to the conforming limits to $725,950 that is detailed here? They are all still at the $625,500 threshold. A little annoying when trying to refinance.
Comments
Where is "here"? I had not heard that the limits were raised. Can you provide your source/link?
Thx!
KAZ
Posted by: KAZ at March 19, 2009 6:35 PM
Oops sorry about that. Here it is:
http://www.fhfa.gov/webfiles/1279/CLLarra022309_final.pdf
Posted by: superlawyer at March 19, 2009 7:48 PM
FHA has increased the loans limits for single families to $729,750. They are still $625,500 for conventional conforming loans. We're all very anxious for the increase at the banks as well. I will let you know when it is officially announced. Im thinking in April. sunny_hong@countrywide.com
Posted by: shong1 at March 20, 2009 1:35 AM
thanks for the information.
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Posted by: and at March 20, 2009 8:24 AM
We are mere days away from the new limits. All the banks are swamped with business and what normally would have taken days has turned into weeks.
Posted by: Adam Dahill at March 20, 2009 3:09 PM
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