Tuesday, November 29, 2005

Freddie Mac Sets Single-Family Loan Limit

11/29/2005

Freddie Mac on Tuesday said it will raise its single-family mortgage loan limit to $417,000 from $359,650, effective Jan. 1, 2006. Effective for deliveries after Jan. 1, 2006, the new loan limits for mortgages on one-to-four family properties will be:
$417,000 for mortgages on one-family properties (up from $359,650); $533,850 for mortgages on two-family properties (up from $460,400); $645,300 for mortgages on three-family properties (up from $556,500), and $801,950 for mortgages on four-family properties (up from $691,600).