Posted 05/11/2011


The (Forthcoming) End Of The $729,750 Conforming Loan Limit

Dan Green

The Mortgage Reports Contributor

Conforming Loan Limit Expiration 2011

Today's blog content is posted at I'm a regular columnist there; it's a chance to write for a second audience and I appreciate the site's broad reach. Here's a summary of today's post. Click on through.

The $729,750 Loan Limit Is Expiring

This week's piece is titled "Expiration of conforming loan limits is going to cost you". It covers the termination of the temporary, $729,750 conforming loan limits in high-cost areas. After September 30, 2011, places like Loudoun County, Virginia; Potomac, Maryland; and Marin County, California will face a new, lower conforming loan limit.

An excerpt:

If you live in a high-cost area, look out. As of May 2011, a $925,000 home purchase needs a 21 percent down payment to keep it within conforming loan limits. After October 1, 2011, that figure will jump to 33 percent. It is an out-of-pocket cash difference of $104,250 to get access to the best rates in the market.

Read the full article on the HSH website.

Check Your Local Conforming Loan Limit Online

There's over official 3,100 municipalities nationwide, and each has its own conforming loan limit. Loans for more than the conforming loan limit may be considered jumbo, and jumbo mortgages tend to more pricey.

To check your local conforming loan limit, use this online, interactive form.

Or, for a rate quote in your area, useĀ this online rate quote generator.

Dan Green

The Mortgage Reports Contributor

Dan Green is an expert on topics of money. He has been featured in The Washington Post, MarketWatch, Bloomberg, and others.

The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.

3 Testimonials

Lorraine L. Medical Compliance

Thank you for The Mortgage Reports. I find your reports to be both helpful and informative.

Felicia M. Law Enforcement

The Mortgage Reports has been a valuable asset to me. I love that each topic is fully explained in terms that can be easily understood. I've learned more from this web site than from any first-time buyer education class.

Elizabeth C. Librarian

Thanks to The Mortgage Reports, I have a new, very low rate for my home. I owe you so much.

2017 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)