Freddie Mac Maximum Loan Limits Set For 2012

MCLEAN, Va., Nov. 22, 2011 /PRNewswire/ -- Freddie Mac (FMCC.OB) said today its maximum conforming loan limits for 2012 will generally remain at existing levels as the result of new calculations from the Federal Housing Finance Agency.  

News Facts:

• The base conforming loan limits (applicable to non-high cost areas) for 2012 remain:
  • $417,000 for mortgages on one-unit properties;
  • $533,850 for mortgages on two-unit properties;
  • $645,300 for mortgages on three-unit properties; and
  • $801,950 for mortgages on four-unit properties.

• Maximum loan limits for the nation's high cost areas will remain unchanged from existing levels, with the exception of Fairfield County, Connecticut, where the loan limit will increase. The current maximum high cost limit is $625,500 for a 1-unit single family property in the contiguous United States, although actual loan limits for a specific high-cost area may be lower than the maximum permitted loan limit. Higher limits may apply to Mortgages originated prior to October 1, 2011.

• For more information on the conforming loan limits, visit the Federal Housing Finance Agency website at www.fhfa.gov.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

SOURCE Freddie Mac

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED