Have You Heard About Conforming Loan Limits?
This is the maximum amount the Federal Housing Administration, Fannie Mae, and Freddie Mac will guarantee. The amount was $417,000, but was raised in 2008 for San Francisco to $729,750. As of October 1, 2011 the new limit has been reduced to $625,500. The best rates for loans fixed for 30 years are for loan amounts of $417,000 and below.