Virginia Fannie Mae and Freddie Mac Loan Limits for 2009

 

Virginia Fannie Mae and Freddie Mac 2009

CONFORMING LOAN LIMIT FOR U.S. TO REMAIN $417,000 IN 2009.

Other Loan Limits vary by different counties. 

 

Below are the major limits for the State of Virginia.

Alexandria $625,500

Williamsburg – $458,850

Richmond – $535,900

Hampton – $458,850

Newport News – $458,850

Portsmouth – $458,850

Suffolk – $458,850

Chesapeake – $458,850

Norfolk – $458,850

Virginia Beach – $458,850

 

Bottom line is that if you have a higher loan amount than these loan limits then its kicked over to classification “Jumbo or Non-Conforming” status which is usually more stricter mortgage guidelines and higher rates normally.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s