Tag: High-Cost Area
Fannie Mae Loan Limit Reduction Comes Due
September 24th, 2011, No Comments
After September 30, there will be changes to Fannie Mae loan limits for “high value” areas. In addition liquidity guidelines have change, requiring bnorrowers to show more cash after closing.
Temporary Conforming Loan Limits Expire September 30, 2011
June 8th, 2011, No Comments
If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent.
