2009 Conforming Loan Limits - Table

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High-Balance Loan Feature – New 2009 Temporary Loan Limits

Pursuant to the American Recovery and Reinvestment Act, revised loan limits apply for high-cost areas for loans closed in 2009. Loans with original loan amounts meeting these revised limits may be delivered to Fannie Mae effective May 1, 2009. Eligibility restrictions may apply.

About the Conforming Loan Limits

The Housing and Economic Recovery Act of 2008 changed Fannie Mae's charter to expand the definition of a "conforming" loan. Effective with the November 2008 release of the conforming loan limits, two sets of limits are provided for first mortgages: 1) general conforming loan limits, and 2) high-cost area conforming loan limits.

To implement the expansion to serve high-cost areas, Fannie Mae offers the high-balance loan feature, which is broadly applied across our standard conforming business. Pursuant to the American Recovery and Reinvestment Act, loans originated in 2009 may be delivered to Fannie Mae using the higher of 1) the permanent high-cost area loan limits, or 2) the temporary high-cost area loan limits in place for loans originated in 2008. (Note: The temporary loan limits that were in place in 2008 originally applied to our Jumbo-Conforming Mortgage product. Jumbo-Conforming Mortgages are being phased out.)

First Mortgage Conforming Loan Limits

The conforming loan limits apply to all conventional mortgages that are delivered to us for whole loan purchase or MBS pool issuance on or after January 1, 2009 – including conventional mortgages originated prior to that date, provided the original unpaid principal balance (UPB) was equal to or less than the new maximum. Please note that the 2009 general conforming loan limits are identical to the 2006, 2007, and 2008 conforming loan limits.


Conforming Loan Limits *
Effective January 1, 2009
Property Type Continental U.S. Alaska, Guam, Hawaii & the U.S. Virgin Islands
  General High Cost ** General High Cost **
1-Unit $417,000$728,750 $625,500$938,250
2-Units $533,850$934,200 $800,775$1,201,150
3-Units $645,300$1,129,250 $967,950$1,451,925
4-Units $801,950$1,403,400 $1,202,925$1,804,375

* Limit for loans closed in 2009 is the higher of the 2009 permanent high-cost area loan limit or the 2008 temporary high-cost area loan limit. Eligibility requirements may apply; refer to Announcement 09-08 for details.

** The limit may be lower for a specific high-cost area; use the resources below to see limits by location. High-cost limits may also vary depending on loan origination date.