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 |