Freddie Mac Sets 2006 Single-Family Loan Limit at $417,000Freddie Mac has announced that it will raise its single-family mortgage loan limit to $417,000 from $359,650, effective Jan. 1, 2006. Effective for deliveries after Jan. 1, 2006, the new loan limits for mortgages on one-to-four family properties will be:
$417,000 for mortgages on one-family properties (up from $359,650); $533,850 for mortgages on two-family properties (up from $460,400); $645,300 for mortgages on three-family properties (up from $556,500), and $801,950 for mortgages on four-family properties (up from $691,600).
Under Freddie Mac’s charter, maximum original loan amounts are 50 percent higher for first mortgages on properties in Alaska, Hawaii, Guam and the U.S. Virgin Islands.
For your convenience, these new limits have been added and are available for use.
Posted on: 11/29/2005 12:22:25 PM
» Lender Advertising Guidelines