Categories
- Buying
- Benicia
- Investors
- Vallejo
- Solano
- Contra Costa
- Selling
- Market Update
- Loans / Financing
- Foreclosures / Short Sales
- Local Stuff
- Fun Stuff
- Vacaville
- Fairfield-Gr Valley
- Suisun City
- The Economy
- Viewpoint
- New Listings
- Resources
Archive
- July 2011 (1)
- June 2011 (2)
- May 2011 (2)
- April 2011 (3)
- March 2011 (6)
- February 2011 (4)
- May 2010 (5)
- April 2010 (30)
- March 2010 (7)
- February 2010 (6)
- January 2010 (11)
- December 2009 (15)
- November 2009 (10)
- October 2009 (20)
- September 2009 (13)
- August 2009 (15)
- July 2009 (10)
- June 2009 (9)
- May 2009 (18)
- April 2009 (14)
- March 2009 (14)
- February 2009 (22)
- January 2009 (21)
- December 2008 (7)
- November 2008 (1)
- October 2008 (2)
- September 2008 (8)
What The New Loan Limits Will Be In Solano, Contra Costa & The Rest Of The U.S.
February 15th, 2009 categories: Contra Costa, Loans / Financing, Solano, The Economy
As I wrote the other day (click here), the Stimulus Bill that should be signed into law on Tuesday by President Obama will raise conforming (Freddie Mac, Fannie Mae) and FHA loan limits to what they were at the end of 2009.
For Solano County, that means both the FHA and Conforming ceilings will go up to $557,500. Since Jan. 1, they had been at $400,200 and $417,000 respectively.
In Contra Costa County, the limits will go from $625,500 to $729,750.
The new limits will mean an opportunity for buyers to obtain conventional and FHA financing on homes priced between the old loan limits and the new ones.
Our National Assn. of Realtors has prepared a table showing the new maximum limits for every county in the U.S. These limits aren’t official yet and won’t be until HUD publishes them (which should happen very soon after the bill is signed into law).
———————-
Recent Articles:
Want To Receive This Type Of News Automatically By E-Mail? Subscribe Here.
Search The MLS — Click Here to search the MLS for either Solano or Contra Costa Counties.
