Mobile Mortgage News

New Conforming Loan Limits. Chicago still at $417,000.

posted 184 weeks ago on Chicagos Top Mortgage Lender

The Federal Housing Finance Agency released the 2009 conforming loan limits on Friday.  The conforming loan limit is the maximum loan amount that both Fannie Mae and Freddie Mac will purchase from banks.  Loan amounts higher than their guidelines are referred to as non-conforming and typically have higher interest rates and stricter guidelines.  These loans are often referred [...]
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