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| Announcements In the News New Temporary Conforming Loan Limits Provided by the American Recovery and Reinvestment Act of 2009 |
On Feb. 17, 2009, the President signed a new stimulus bill – called the American Recovery and Reinvestment Act of 2009 into law.
The table below explains three major impacts of the Act and the actions Bradford Real Estate Finance will be taking is to provide the benefits of this legislation to our customers as soon as it is implemented. BIG CHANGES BIG OPPORTUNITIES Big Announcement With today's interest rates! Check out our Home page for current information. Call us for the most up to date information regarding todays real estate interest rates. 714 951-1044 ask for Tom or Ron American Recovery and Reinvestment Act 2/17/2009 | | FHA loans | Temporarily revert to the higher loan amounts allowed in 2008 with the Economic Stimulus Act* loan limits. Effective March 4th, 2009. FHA loans must meet specific criteria as indicated in Table 2. | | Conventional loans | Temporarily revert to the higher loan amounts allowed in 2008 with the Economic Stimulus Act or HERA 2009 permanent loan limits. Working together wil Fannie Mae and Freddi Mac, increases to the temporary loan limit will be available soon. More to come... |
The table below lists the new 2009 loan limits by county within California. Not all counties within the state of California have been included. Only those considered High-Cost Areas (per OFHEO) within California have been included. For counties outside of Califonia, click here. Fannie Mae and Freddie Mac Loan Limits for 2009 | County Name | One-Unit Limit | Two-Unit Limit | Three-Unit Limit | Four-Unit Limit | State | CBSA Number | | Alameda County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 41860 | | Alpine County | $463,450 | $593,300 | $717,150 | $891,250 | CA | 99999 | | Amador County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Butte County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 17020 | | Calaveras County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Colusa County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Contra Costa County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 41860 | | Del Norte County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 18860 | | El Dorado County | $474,950 | $608,000 | $734,950 | $913,350 | CA | 40900 | | Fresno County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 23420 | | Glenn County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Humboldt County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 21700 | | Imperial County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 20940 | | Inyo County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 13860 | | Kern County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 12540 | | Kings County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 25260 | | Lake County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 17340 | | Lassen County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 45000 | | Los Angeles County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 31100 | | Madera County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 31460 | | Marin County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 41860 | | Mariposa County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Mendocino County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 46380 | | Merced County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 32900 | | Modoc County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Mono County | $529,000 | $677,200 | $818,600 | $1,017,300 | CA | 99999 | | Monterey County | $483,000 | $618,300 | $747,400 | $928,850 | CA | 41500 | | Napa County | $592,250 | $758,200 | $916,450 | $1,138,950 | CA | 34900 | | Nevada County | $477,250 | $610,950 | $738,500 | $917,800 | CA | 46020 | | Orange County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 31100 | | Placer County | $474,950 | $608,000 | $734,950 | $913,350 | CA | 40900 | | Plumas County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Riverside County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 40140 | | Sacramento County | $474,950 | $608,000 | $734,950 | $913,350 | CA | 40900 | | San Benito County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 41940 | | San Bernardino County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 40140 | | San Diego County | $546,250 | $699,300 | $845,300 | $1,050,500 | CA | 41740 | | San Francisco County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 41860 | | San Joaquin County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 44700 | | San Luis Obispo County | $561,200 | $718,450 | $868,400 | $1,079,250 | CA | 42020 | | San Mateo County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 41860 | | Santa Barbara County | $603,750 | $772,900 | $934,250 | $1,161,050 | CA | 42060 | | Santa Clara County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 41940 | | Santa Cruz County | $625,500 | $800,775 | $967,950 | $1,202,925 | CA | 42100 | | Shasta County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 39820 | | Sierra County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Siskiyou County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Solano County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 46700 | | Sonoma County | $520,950 | $666,900 | $806,150 | $1,001,850 | CA | 42220 | | Stanislaus County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 33700 | | Sutter County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 49700 | | Tehama County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 39780 | | Trinity County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 99999 | | Tulare County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 47300 | | Tuolumne County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 38020 | | Ventura County | $598,000 | $765,550 | $925,350 | $1,150,000 | CA | 37100 | | Yolo County | $474,950 | $608,000 | $734,950 | $913,350 | CA | 40900 | | Yuba County | $417,000 | $533,850 | $645,300 | $801,950 | CA | 49700 |
A word of advice If you are considering buying a home in today’s market or if you believe you may want to refinance, or want to get out of that ARM to a Fixed Rate, or possibly consolidate your mortgage that results in a payment that is fully amortized, and seeking lower mortgage payments, don’t delay and CALL US TODAY! Call us FIRST at 949 951-1044 949 951-1044 or Real Estate Home Purchase Services through Bradford Real Estate.
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