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Post date: Nov 19, 2010 10:32:19 PM
Selling Policy Updates, alerts, and newsletters.
2011 General and High-Cost Area Loan Limits
Fannie Mae has issued the following Lender Letter:
Lender Letter LL-2010-13: Confirmation of Conventional Loan Limits for 2010
The general loan limits for 2011 remain unchanged from 2010 (e.g., $417,000 for a one-unit property in the continental U.S.). High-cost area loan limits for 2011 remain unchanged from the 2010 high-cost area loan limits ($729,750 for a one-unit property in the continental U.S.) for mortgage loans originated on or before September 30, 2011. For mortgage loans originated after September 30, 2011, revised "permanent" high-cost area limits will apply.