New Loan Limits for Conventional and FHA Loans

The current loan limits for conventional and FHA loans is being reduced effective October 1st, 2011.

The new loan limit will be $625,500. Loans closing after September 30th must be at or below the new loan limit and there will be no exceptions per the federal government regulations. It then will become a jumbo loan.

The last day to submit a loan over $625,500 and under $729,750 will be September 1, 2011.

Discussion Area - Leave a Comment

You must be logged in to post a comment.