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FHA Increases Conforming Loan Limit - AmeriSave Mortgage Corporation
For the first time in 10 years, the Federal Housing Finance Agency (FHFA) has raised conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. Separate loan limit announcements are expected shortly from FHA and the Veterans Administration. The current loan limit, $417,000, has been in place since 2006. When the housing crisis …