The Federal Housing Finance Agency (FHFA) announced today that the maximum size of loans that Fannie Mae and Freddie Mac can purchase in 2009 will remain at $417,000 for most areas in the US.

As in previous years, the 2009 limits are higher in Alaska, Hawaii, Guam, the US Virgin Islands, and other high price areas such as parts of California. In those areas, loan limits vary from $625,500 to $721,050 for one-unit properties.

http://www.mortgagemarketguide.com/download/2009loanlimits.pdf

Brian Ripp
Realty World-Viking Realty
510-794-9922

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