November 7th, 2008, Today the Federal Housing Finance Agency (FHFA) announced the conforming loan limits fpr Fannie Mae and Freedie Mac will remain at $417,000 for most of the United States and $625,500 for Hawaii with the exception of the High-cost area proivisions outlined by the Housing & Recovery Act of 2008 (HERA). (The conforming limit is the maximum size of loans that Fannie Mae & Freddie Mac can purchase in 2009.)
For Hawaii State that means:
1-unit 2-unit 3-unit 4-unit
Honolulu County, HI $721,050 $923,050 $1,115,800 $1,386,650
Kauai County, HI $713,000 $912,750 $1,103,350 $1,371,150
Maui County, HI $626,750 $802,350 $969,850 $1,205,300
Hawaii County, HI $625,500 $800,775 $967,950 $1,202,925
To read the actual press release by The Federal Housing Finance Agency (FHFA), please drop me an email to Nancy@MauisMortgage.com and I would be happy to forward it to you!
