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Chicago RE with Julie

Blog by Julie Woodward-Trenker
Chicago, Illinois
A consumer-centric real estate blog with articles, tips, and tools geared for buyers, sellers and the curious.

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Chicago RE with Julie

The Loan Limits

Feb. 27, 2008
Categorized in: Home Finance
Tagged with: conforming loans, fannie mae, freddic mac, jumbo loans, loan limits
As a reminder, Congress has approved a temporary raise to the conforming loan limits which means that Freddie Mac and Fannie Mae can purchase and guarantee to $729,750.  This will only last until December 31, 2008.  After that, properties over the current limit of $407K will go back to jumbo loan conditions and terms. 
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