No Changes for "Jumbo" Loan Limits

The Federal Housing Finance Agency (FHFA) recently announced that there will be no changes for the maximum conventional loan limits in 2013. This is referring to base and high-cost or "jumbo" conforming loans, whether it is a first-lien or a second-lien.

Keep in mind that these loan limits apply to the original loan amount of the mortgage loan, not the balance at the time of purchase by Fannie Mae or Freddie Mac.  Read more about these loans directly from Fannie Mae's Lender Letter.

If you are wondering what the high-cost limits are, we've compiled a basic list. These are the applicable loan limits in 2013 for a one-unit property. The following states and counties will remain as is:

California:  $417,000 (all counties except as follows)

•  $463,450: Alpine
•  $474,950: El Dorado, Placer, Sacramento, Yolo
•  $477,250: Nevada
•  $483,000: Monterey
•  $520,950: Sonoma
•  $529,000: Mono
•  $546,250: San Diego
•  $561,200: San Luis Obispo
•  $592,250: Napa
•  $598,000: Ventura
•  $625,500: Alameda, Contra Costa, Los Angeles, Marin, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, Santa Cruz

Dist. of Columbia: $625,500

Georgia:  $417,000 (all counties except Greene County—conforming jumbo loan limit is $515,200)

Indiana:   $417,000 (all counties)

Maine:    $417,000 (all counties)

New Mexico:  $417,000 (all counties)

New York:  $417,000 (all counties except as follows)

•  $625,500: Bronx, Kings, Nassau, New York, Putnam, Queens, Richmond, Rockland, Suffolk, Westchester

South Carolina:  $417,000 (all counties)

Texas:  $417,000 (all counties)

We apologize if your state is not listed. If you do have any questions, feel free to call 888-883-5252 or take advantage of the live chat feature here.

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