News

05/15/2008 - Jumbo loans rates are finally coming down!

The Economic Stimulus Act of 2008 has finally brought Jumbo Loan rates down for selected markets. If you live in one of the markets, you can receive conforming rates up to a loan amount of $729,750, depending on your county.

Your loan amount must be greater than the conforming loan limit ($417,000) and less than the temporary maximum loan limits for your county.

HUD, in support of the Economic Stimulus Act of 2008, has published a list of the geographic areas designated as high-cost, and the corresponding loan limits.

goodmortgage.com can assist you if you own a home in any of the states we are licensed in.

Visit the EFANNIEMAE website below to determine maximum loan amount:
https://www.efanniemae.com/sf/refmaterials/loanlimits/jumboconf/xls/loanlimref.xls