The Federal Housing Finance Agency (FHFA) announced last week that the maximum conforming loan limits for loans originated by Fannie Mae and Freddie Mac will remain unchanged in 2012. The current conforming loan limit for all counties in South Carolina is $417,000 for a single-family home, and $533,850 for a two-family home.
You can read the entire release at fhfa.gov by clicking here.
You can see the conforming loan limits for the entire country at fhfa.gov by clicking here.
Higher loan limits that were established for certain high cost counties, that were enacted in 2008, expired in September of this year. The loan higher loan limits for Federal Housing Authority (FHA) loans were recently restored by Congress. Greenville, Pickens, and Laurens counties were impacted by the lowered FHA loan limits. However, no South Carolina counties were impacted by the lowering of loan limits for Fannie Mae or Freddie Mac.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
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