Trinity Mortgage

Agency Conforming Libor Arm Products

Rev. January 11, 2011

The Housing and Economic Recovery Act of 2008 changed Fannie Mae's charter to expand the definition of a "conforming" loan. Two sets of limits are provided for first mortgages — general conforming loan limits, and high-cost area conforming loan limits.

The conforming loan limits apply to all conventional mortgages that are delivered to Fannie Mae in 2011. Please note that the 2011 general conforming loan limits are identical to the 2006, 2007, 2008, 2009 and 2010 conforming loan limits. The high-cost areas are established by the Federal Housing Finance Agency and may vary depending on the geographic location and loan origination date.

Maximum Original Principal Balance for Loans Closed in 2011*
Units
Contiguous States, District of Columbia,
and Puerto Rico
Alaska, Guam, Hawaii, and the
U.S. Virgin Islands
General
High-Cost*
General
High-Cost*
1
$417,000
$729,750
$625,500
$938,250
2
$533,850
$934,200
$800,775
$1,201,150
3
$645,300
$1,129,250
$967,950
$1,451,925
4
$801,950
$1,403,400
$1,202,925
$1,804,375

* The limit may be lower for a specific high-cost area; use the Loan Limit Look-Up Table above to see limits by location. These limits are the same as the 2010 high-cost area loan limits and apply to all loans originated on or before September 30, 2011. Loans originated on or after October 1, 2011, will use the "permanent" high-cost area loan limits established by FHFA under a formula of 115% of the 2010 median home price, up to a maximum of $625,500 for a 1-unit property in the continental U.S.