San Francisco, Bay Area Maximum FHA Loan Limits Restored To $729,750

San Francisco, Bay Area Maximum FHA Loan Limits Restored To $729,750

After a brief return to lower, pre-2009 levels, FHA loan limits have been restored. As signed into law last Friday, maximum FHA loan limits are -- once again -- as high as $729,750 in our San Francisco Bay Area. FHA Fills Void in High LTV Financing The move creates additional mortgage financing … [Read more...]

Conforming and FHA Loan Limits Drop In the Bay Area

Conforming and FHA Loan Limits Drop In the Bay Area

  For homeowners in the San Francisco and East Bay Area, conforming and FHA loan limits have dropped by as much as 14 percent. Effective October 1, 2011, the temporary mortgage loan limits that allowed for non-jumbo loan sizes of up to $729,750 are no longer. $729,750 is above the … [Read more...]

The Sunset to High Conforming Loan Limits Approach in the Bay Area

The Sunset to High Conforming Loan Limits Approach in the Bay Area

If you live in a high-cost area (Alameda County, San Francisco, Contra Costa County), keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Historically banks have adopted these guidelines up to 2 months sooner than the sunset … [Read more...]

Loan Limits Increases For FHA in the Bay Area

HUD has published the new mortgage limits in ML 2009-07.  The new limits are in effect for loans with credit approval in 2009. This Mortgagee Letter provides information on Federal Housing Administration (FHA) single family loan limits that have changed as a result of the American Recovery and … [Read more...]

FHA Loan Limits in the Bay Area High Cost Areas in the Stimulus Package

Once they were out, but now they're in. The magical system that produces legislation in Washington has now produced an economic recovery bill which once-again includes higher loan limits. The National Association of Home Builders reports that the final legislation "will help home buyers in high-cost … [Read more...]

Are Bigger FHA Loan Limits Ahead for the Bay Area?

Are Bigger FHA Loan Limits Ahead for the Bay Area?

There's growing talk in Washington that the FHA loan limit may again be lifted, a way to help buyers and sellers in high-cost communities lacking Jumbo financing. According to the Bloomberg news service, "President-elect Barack Obama agreed with House Democrats to increase the limit on loans Fannie … [Read more...]

2009 Mortgage Trends You Need To Know As a Realtor:

2009 Mortgage Trends You Need To Know As a Realtor:

So what are the trends you need to know over the short view, namely 2009? TREND #1: The banks are beating a hasty retreat from wholesale lending. They have huge capitalization losses. They must find ways to attract capital, besides TARP handouts and lend less and they deem wholesale to be the most … [Read more...]

2009 Mortgage Limits Set- High Cost Bay Area Limits

2009 Mortgage Limits Set- High Cost Bay Area Limits

A federal regulator has set the 2009 conforming limit at the same level as in 2008. But a program created in recent legislation temporarily pushes the limit past $600,000 in some areas. The conforming limit will remain at $417,000 next year, the Federal Housing Finance Agency said in a news release … [Read more...]

Talk around the Water Cooler- New Conforming Loan Limits Are Out Today-

Talk around the Water Cooler- New Conforming Loan Limits Are Out Today-

The news that everyone has been waiting for, the new conforming loan limits are out. Today the first lender introduced the first program to the rate sheets.  The program that has been rolled out first is the 30yr and 15yr fixed rate products. In high cost areas such as where we live in Alameda and … [Read more...]

FHA & Conforming Loan Limit Increase on the way to help Real Estate Market-

FHA & Conforming Loan Limit Increase on the way to help Real Estate Market-

  Washington reached a decision on an economic stimulus package to spur growth in the economy and come to the aid of the Real Estate Market. Reaching a bipartisan decision Thursday House leaders have decided to allow government sponsored Fannie Mae and Freddie Mac to buy mortgages as much as 75 … [Read more...]