Annapolis, MD real estateChesapeake Bay area real estateMaryland's Eastern Shore real estatemortgagesUncategorized

Upcoming Loan Limit Changes

Conforming Mortgage Loan limits are set to change after September 30, 2011 and will become lower, effectively reducing the amount borrowers will be able to get when buying or refinancing.

Loans over these limits are Jumbo Loans or Non-Conforming and require higher down payments and more stringent credit requirements.

Area Post 9/30/11 Perm Loan Limit
1 Unit
Until 9/30/11 Temp Loan Limit
1 Unit
Decrease
Montgomery  $ 625,500  $         729,750   $104,250
Prince George’s  $ 625,500  $         729,750  $ 104,250
Howard  $ 494,500  $         560,000  $ 65,500
Frederick  $ 625,500  $          729,750  $104,250
Anne Arundel  $ 494,500  $          560,000  $ 65,500
Calvert  $ 625,500  $          729,750  $104,250
Baltimore  $ 494,500  $          560,000  $65,500
WASHINGTON,DC  $ 625,500  $         729,750   $ 104,250