In accordance with the Economic Stimulus Package signed into law earlier this year, conforming mortgage loan limits have increased in many areas around the country. According to Fannie Mae, these increases are by county and will not affect all counties in the U.S.¹

The measure is designed to ease the troubled housing market and the economy as a whole, so there are certain restrictions. First of all, Fannie Mae will only purchase the new jumbo-conforming secured by one-unit properties only. Also, these increases are only temporary and will remain in place until 12/31/2008.

You can find out if you’re county is affected by these new conforming loan limits with this chart (Warning: Big File, Be Patient).

Chart of Historical Jumbo Conforming Loan Limits

Click to enlarge

I also found this pdf called the Home Stay Initiative released by Fannie Mae. It explains some of the things Fannie Mae is doing to relieve the current mortgage crisis.

Sources:

1. Fannie Mae Media Statement, March 6, 2008

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