Conforming Loan Limits are going down in 2011

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


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