| $625,500 Loan Limits |
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The Federal Housing Finance Agency (FHFA) announced that the new conforming loan limit for 2009 will remain at $417,000 for most areas in the U.S., unchanged since 2006. Loan limits for high-cost areas, including California, are capped at $625,500, down from the previous $729,750 limit. Loan limits for many areas of the state do not reach this lower threshold and are dramatically reduced from 2008.
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Lic #: 01794238