Congress Extends Higher Loan Limits Through 2010
Posted by Benjamin Dona on Friday, October 30th, 2009 at 3:47pm.
Both the Senate and House voted yesterday to extend the current higher loan limits for Fannie Mae, Freddie Mac and FHA loans through December, 2010. The resolution was attached to a continuing resolution that passed late in the day and prevented the higher limits from expiring at the end of the year.
Lawmakers had temporarily raised the loan limits back in 2008 as part of the Housing and Economic Act of 2008 and then again in 2009 through both a HUD mandated guideline and the Economic Stimulus Act up to a maximum of $729,750 for high-cost areas.
To find your individual counties higher loan limits, you can read our blog post at 2009 FHA and Conforming Loan Limit Changes.
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