Loans that exceed the conforming limits for mortgage loans. In 2003 the conforming limit was set at $322,700 for first-time mortgages on single-family homes in the continental United States, and at $484,050 for those loans in Alaska and Hawaii. Fannie Mae and Freddie Mac update the conforming limits on an annual basis.
Mail this post Similar or Related Posts
- How Raising Conforming Mortgage Limits Would Impact California Real Estate
- Non-Conforming Loan
- Conforming Loan
- Federal Home Loan Mortgage Corporation (FHLMC)
- Government National Mortgage Association
- Loan Term
- Prime Lending Rate
- Secondary Mortgage Market
- Most Expensive Real Estate Rental Markets In The U.S.
