Blogs Tagged: Fannie Mae

Loans Are About to Get More Expensive

Posted On: Wednesday, July 6, 2011 - 2:21pm | Posted By: dianehourany

If you plan on buying a home in the next 4 to 6 weeks and you think you'll need a loan above $625k, here's an incentive to find that house now:  As of September 30, the Fannie Mae high balance limit of $729k is set to be reduced to $625k.  This will make loans above $625k more expensive than they are now. Many lenders are cutting off loans in the higher amount now or will by the end of July in order to process them by the end of September.

What the interest rates look like:

FHA, Fannie Mae loan limits extended to 2011

Posted On: Thursday, September 30, 2010 - 2:44pm | Posted By: robrogers
Topics: Market Statistics

Great news for San Francisco home buyers, Congress has extended the increase in loan limits of $729,750 through Sept 2011!  This move makes many properties within the city eligible for these lower cost loans.  Loan limits over $729,750 are not insured by the government agencies and are generally much tougher to qualify for, and are at a higher interest rate.  If Congress had not passed this extension, the loan limit would have diminished significantly!

The PACE Program vs. Mortgage Giants

Posted On: Monday, July 19, 2010 - 11:25am | Posted By: greggamp
Topics: Community Information, Laws and Regulations

The PACE program was a great idea that hit a wall when it came up against mortgage lending giants Fannie Mae and Freddie Mac. PACE stands for Property Assessed Clean Energy. It’s a new paradigm in financing models that support homeowners in greening their houses.