The temporary conforming loan limits for high-cost areas put in place in 2008 are expiring at the end of September. For example, Alameda County is current conforming loan limits is $729,750. The new loan limit amounts for high-cost areas will return to $625,500 for a 1 unit property. The new limits will apply for all mortgage loans originated after September 30, 2011. So … if you’re thinking about buying, NOW is the time!
Let me know how I can help!
Jill Denton, REALTOR, Lic#01804876