FHA and GSE loan limits

This is a very recent bit of info on the stimulus package loan limits that we received from the National Association of Realtors.

http://www.realtor.org/GAPublic.nsf/files/new_loan_limits.pdf/$FILE/new_loan_limits.pdf

I could send it to you since it requires my login. If you want, I can email it since its a PDF. It gives the new loan limit for every county in every state as well as Puerto Rico. The ** means that they haven't determined how high it will go, but that the limit will be at least between $575,000 -$729,000.

This is very exciting, especially in high cost counties such as all coastal California counties (a bit of alliteration for you) and others scattered throughout. Mid-March should be the tipping point that will band-aid the housing market difficulties. It is far from a cure, but it will contribute to many potential buyers who either can't qualify or who can't come up with a serious down payment.