Loan Limits

For 2008, our loan limits will remain unchanged from the 2007 levels. Through December 31, 2008, Freddie Mac will continue to purchase home mortgages up to the following loan amounts:

Property Type
2008
Maximum original loan amount (except for AK, HI, GU & VI)
2008
Maximum original loan amount for properties in AK, HI, GU & VI
1-unit
 $417,000 $625,500
2-unit
 $533,850 $800,775
3-unit
 $645,300 $967,950
4-unit
 $801,950 $1,202,925

According to Freddie Mac's charter, increases in our loan limits are based on the October-to-October percentage increase in the national average price of one-family conventionally financed homes, as published by the Federal Housing Finance Board (FHFB). While the FHFB reported a 3.49 percent decrease in the average home price between October 2006 and October 2007, in light of a statement released by the Office of Federal Housing Enterprise Oversight, and to foster stability and liquidity in the home financing system for our Sellers and for borrowers, we are maintaining our loan limit at the 2007 levels.
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