Friday, November 19, 2010

FHFA Announces No Change to Maximum Confroming Loan Limits for 2011

The Federal Housing Finance Agency (FHFA) has announced that, under terms set forth in a recently-enacted Congressional continuing resolution (Public Law Number 111-242), the maximum conforming loan limits for mortgages originated in the first nine months of 2011 will remain unchanged from existing loan limits for 2010 originations. Those limits are generally $417,000 but can be as much as $729,750 in certain high cost areas in the contiguous United States.

The maximum conforming loan limit in all 46 counties in South Carolina is $417,000.

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