Fannie and Freddie to Raise Loan Limits in 29 Costly Counties
Affected counties can be found from Washington to Massachusetts
Nov. 30, 2015
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.
