Sep

19

GSE Loan Limits, from Roger Arnold

September 19, 2007 |

Barney FrankIt is looking politically probable that the new GSE loan limits will be increased substantially above expectations for 2008 along with other changes, although below what Barney Frank has been suggesting he would like.

Probable changes for most areas:

1) Fannie and Freddie loan limits to $500,000 from $417,000
2) FHA / VA loan limits to $500,000 from ~$370,000
3) FHA / VA will allow for refinance into them.  Previously disallowed.

Limits for California, Hawaii, Alaska and the Virgin Islands will be ~50% greater.


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