New Conforming Loan Limits

The Housing and Economic Recovery Act of 2008 raised the maximum conforming loan limit in the contiguous United States, the District of Columbia and Puerto Rico to as high as $729,750. Of course, most counties across the country saw much lower loan limits.

Conforming loan limits, which had been raised for many high-cost areas throughout the country to a maximum of $729,750, expired September 30, 2011. Since then, high-balance loans are once again classified as “jumbo” and carry higher interest rates.
With the maximum loan limits lowered, the new FHA loan limit for the Atlanta-Sandy Springs-Marietta, GA MSA are as follows:

For the counties of: Barrow, Bartow,Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, Dekalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Newton, Paulding, Pickens, Pike, Rockdale, Spalding, & Walton

Before September 2011 = $346,250

After September 2011= $320,850

For more information about this or other real estate topics in the Atlanta, Georgia market visit www.EpicDevelopment.com or call Jim LaVallee at 404-847-9080.

Photo Credit: DCNews.com

2017-08-29T17:44:42+00:00 November 15th, 2011|Latest Deals|