Fannie Mae Loan limits for 2012

Posted on November 29, 2011 by Jim Suchey No Comments

All Fannie Mae Single-Family Sellers and Servicers

The purpose of this Lender Letter is to publish Fannie Mae’s loan limits for 2012 for all conventional mortgage loans. The Federal Housing Finance Agency (FHFA) has issued the loan limits that will apply to conventional loans to be acquired by Fannie Mae in 2012. These maximum conforming loan limits will remain at existing levels, except in Fairfield County, Connecticut, where the limits will increase. The first mortgage loan limits are defined in terms of general loan limits and high-cost area loan limits.

First Mortgage Loan Limits

The following chart contains the general loan limits for 2012:

Units General Loan Limits
Contiguous States,
District of Columbia, and Puerto Rico Alaska, Guam, Hawaii, and the U.S. Virgin Islands
One $417,000 $625,500
Two $533,850 $800,775
Three $645,300 $967,950
Four $801,950 $1,202,925

The high-cost area loan limits are established for each county (or equivalent) and are published on eFannieMae.com and on FHFA’s Web site. The maximum limits for 2012 are:

Units High-Cost Area Loan Limits
Contiguous States,
District of Columbia, and Puerto Rico Alaska, Guam, Hawaii, and the U.S. Virgin Islands
One $625,500 $938,250
Two $800,775 $1,201,150
Three $967,950 $1,451,925
Four $1,202,925 $1,804,375
These limits were determined under the provisions of the Housing and Economic Recovery Act of 2008.

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