Residential Loan
Information about the new 2006 conforming loan limits
Call us toll-free at 1-800-595-1474
Untitled Document
FREE QUOTE!
No Obligation Just Free Information
First Name*
Last Name*
Phone Number
Email*
Comments
 
Federal Reserve
Real Estate Industry News

Warning: require_once(/home/httpd/vhosts/opcapital.com/httpdocs/carp_gpl/carp/carp.php) [function.require-once]: failed to open stream: No such file or directory in /home/oceanp9/public_html/opcapital.com/sidenews.php on line 3

Fatal error: require_once() [function.require]: Failed opening required '/home/httpd/vhosts/opcapital.com/httpdocs/carp_gpl/carp/carp.php' (include_path='.:/opt/php52/lib/php') in /home/oceanp9/public_html/opcapital.com/sidenews.php on line 3
Home Buyer & Seller News

Warning: require_once(/home/httpd/vhosts/oceanpacificcapital.com/httpdocs/carp_gpl/carp/carp.php) [function.require-once]: failed to open stream: No such file or directory in /home/oceanp9/public_html/consumernews.php on line 3

Fatal error: require_once() [function.require]: Failed opening required '/home/httpd/vhosts/oceanpacificcapital.com/httpdocs/carp_gpl/carp/carp.php' (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/oceanp9/public_html/consumernews.php on line 3
 
 
 

New Conforming Loan Limits
2006

WASHINGTON, DC -- Fannie Mae (FNM/NYSE) today announced that it will apply new conforming loan limits, as determined by the Office of Federal Housing Enterprise Oversight (OFHEO) based on federal data on mean (average) home prices, to increase its single-family mortgage loan limit to $417,000 for 2006.


As a result of the new loan limit, Fannie Mae estimates that in 2006, as many as an additional 466,326 homeowners would be eligible for a conforming loan.


Conforming loan limits may adjust annually. The conforming loan limits adjustments are based on the October-to-October changes in the mean (average) home price, as published by the Federal Housing Finance Board (FHFB). The FHFB figures come from its monthly survey of lenders. Both new and existing homes are included in the survey.


Limits for multi-unit loans for 2006 will be as follows: two-family loans $533,850, three-family loans $645,300, and four-family loans $801,950. The 2006 loan limit for second mortgages will be $208,500.


The maximum amounts for one-to-four-family mortgages and second mortgages in Alaska, Hawaii, Guam and the U.S. Virgin Islands are 50 percent higher than the limits for the rest of the country.


Most loans Fannie Mae purchases are well below the conforming limit. Our average loan size for single-family properties in the first three quarters of 2005 is about $172,000.


Fannie Mae is a New York Stock Exchange Company. It operates pursuant to a federal charter. Fannie Mae has pledged through its American Dream Commitment to expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most.





Whatever your financing needs,
we will tailor a loan that's right for you.

 
 
 
Rate Est. APR
30 Year Fixed
5.000% 5.094%
15 Year Fixed
4.75% 4.911%
3/1 ARM
4.25% 4.340%
3 Year Interest Only
4.375% 4.465%
*may include points
Today's Real Estate News

Warning: require_once(/home/httpd/vhosts/opcapital.com/httpdocs/carp_gpl/carp/carp.php) [function.require-once]: failed to open stream: No such file or directory in /home/oceanp9/public_html/opcapital.com/sidenews.php on line 3

Fatal error: require_once() [function.require]: Failed opening required '/home/httpd/vhosts/opcapital.com/httpdocs/carp_gpl/carp/carp.php' (include_path='.:/opt/php52/lib/php') in /home/oceanp9/public_html/opcapital.com/sidenews.php on line 3
Today's Home Buyer News

Warning: require_once(/home/httpd/vhosts/oceanpacificcapital.com/httpdocs/carp_gpl/carp/carp.php) [function.require-once]: failed to open stream: No such file or directory in /home/oceanp9/public_html/consumernews.php on line 3

Fatal error: require_once() [function.require]: Failed opening required '/home/httpd/vhosts/oceanpacificcapital.com/httpdocs/carp_gpl/carp/carp.php' (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/oceanp9/public_html/consumernews.php on line 3
BRE #:00619059
Equal Housing Lender.
Top| Contact| Privacy| Licensing| Site Map| Resources
DESIGNED AND
POWERED BY

O.P. Capital