Fannie and Freddie to Raise Loan Limits in 29 Costly Counties

Buyers in expensive areas such as Colorado’s Denver and Boulder counties can borrow more money from Fannie Mae- and Freddie Mac-conforming loans, Realtor.com reports.

This means borrowers can get beyond the $417,000 limit mandated by The Housing and Economic Recovery Act of 2008. Counties that will receive a limit raise are clustered in the Denver, Boston, Nashville, and Seattle metro areas.

Many California counties also get a boost. These counties are Sonoma, Napa, Monterey, and San Diego.

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