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FHFA Announces Fannie Mae, Freddie Mac Conforming Loan Limits for 2014

 

Nov 26 - The Federal Housing Finance Agency has announced that the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will remain at $417,000 for one-unit properties in most areas of the country.

The Housing and Economic Recovery Act of 2008 establishes the maximum conforming loan limit that Fannie Mae and Freddie Mac are permitted to set for mortgage acquisitions. HERA also requires annual adjustments to these limits to reflect changes in the national average home price.

Questions concerning the conforming loan limits can be addressed to LoanLimitQuestions(at)FHFA.gov.


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