Loan limits

02/08/2008

a loan originated between July 1, 2007 and December 31, 2008
may be purchased by Fannie and Freddie, as long as the loan amount does not
exceed the higher of $417,000 OR 125% of what HUD determines to be the area
median home price, with a maximum cap of $729,750. This will allow some loan
amounts higher than $417,000 to have significantly better pricing, at least for a
limited time frame.