FHFA Confirming Home Loan Limits

Home Mortgage Loans

For 2015, the federal housing finance agency, recently announced that it will keep their maximum conforming loan limits for loans issued by Fannie Mae and Freddie Mac at $417,000 on one unit properties in most areas and 625,500 in high-cost areas. San Diego is considered a high-cost area , and so has higher conforming loan limits.

While on the topic of home mortgage loans. A recent study by JD power showed that first-time home buyers reported challenges with understanding the mortgage process and the options that are available to them. Read more