Conforming Loan Limits Unchanged For 2009 at $417,000
For most of the country, conforming loan limits will remain unchanged at $417,000. The irony is with price declines across much of the country, this is good news for home buyers.
If you live in a high cost region of the country, loan limits will be 115% of the local median price for single family homes. This should provide a cushion in high cost regions such as California and New York.
The 2009 levels will have limited impact on the housing market, according to Dean Baker, co-director of the Center for Economic and Policy Research.
“If there were higher caps, then more money would go to higher-end homes, but there would be less for more moderate income houses,” Baker wrote in an email. “In short, keeping the limit at $417,000 is likely somewhat of a boost for the bottom half of the market (which badly needs it), while [it] is bad news for the somewhat more upscale segment of the market.” MarketWatch.
Although I agree on most points, I would like to point out that most of the banks that are being ...
The question is when are they going to release them on the market. Las Vegas leads the nation in ...
I keep seeing mentions of Florida's market getting better in multiple blogs. I'm increasingly under the assumption that at least ...
I would like to know more about it. I need to know how you file for it. Please let me ...
Great blog, keep the great content coming! 
If you want to succeed, do not say "we can prevent this in the future." Live in reality. ...
The price of the property depends on its quality and the deal between the management. Good and wise choices are ...
I don't have experience at actualy working in tha automotive bussinnes, but have experience working in a warehouse invironment. ...
Comment by Tony Sena on 7 November 2008:
At one point I was hoping conforming loan limits would be raised in Nevada, but with home prices dropping so much in Las Vegas, there no longer is a need.