Advice, Community & Common Sense FINALLY!! Higher Conforming Loan Limit AND Great Rates!! May 9th, 2008 9:30 AM As most of you know, part of the Economic Stimulus Package allowed for a "higher temporary conforming loan limit".  Although the new limits have been effective since March, until today, the rates have not been favorable.  Fannie Mae released amazing pricing to the lenders TODAY and we are now able to offer great rates to you! I will be directly contacting those of you who already expressed interest in moving to these loans.  However, since there are so many clients that could take advantage of this, I recommend you email me if you think you are eligible and are interested.  I have outlined below the general guidelines. Los Angeles & Orange County loan limits = $729,750 San Diego County loan limit = $697,500 Riverside & San Bernardino County loan limits = $500,000 Bay Area Counties range from $557,500 to $729,750 For another County's limit, click here for the HUD Official site's lookup page. The current rates on a 30 year fixed with credit scores over 700 are as low as 5.875% for No Points at the right parameters.  The rates are very sensitive to a combination of credit scores, loan to value, 2nd Liens and income documentation.  They allow for some consolidation of 1st and 2nd loans, and cash out to $100,000 maximum. Please email if you are interested and tell me what you would like to do and I will get back to you as quickly as I can.  NOTE: Please provide your current loan(s) balance(s), rate and payment info for quickest response! We will always be here to help!  Thank you for making the time to read this. Posted by Rick Geary on May 9th, 2008 9:30 AMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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