In 2008 Congress passed legislation that increased the “conforming” (i.e., not jumbo) loan limit from $417,000 to $729,000 for high-cost areas including L.A. County. This actually resulted in a three-tier system this year: true conforming loans up to $417,000 (which have the lowest rates of interest); “jumbo conforming” loans from $417,000 to $729,500 (which have [...]
Archive for November 13th, 2008
Federal Housing Finance Agency “FHFA” Announces Conforming Loan Limits for 2009
Posted in Mortgage Rates, Pasadena, community, tagged colorado street bridge, conforming loans, first time buyer, jumbo conforming loans, jumbo loans, Kerin Cantwell, kerin cantwell real estate, pasadena 5k, pasadena city college, pasadena fun run, pasadena marathon, pasadena real estate, real estate services, san marino real estate, tournament of roses on November 13, 2008 | 2 Comments »
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