Thursday, September 10, 2009

Financing News!

Hawaii Has Extremely High Loan Limits

Do you ever get wonder what are the loan limits for each program? Every state has different loan limits. For example, California conforming loan limit is $417,000 while Hawaii is $625,500.

Hawaii has one of the highest loan limits among other states.

Below are a few of the popular loan program limits:
Conforming - $625,500
Jumbo Conforming - $793,750
Jumbo - $1 million
FHA - $625,500
FHA Jumbo - $793,750
VA - $625,500
VA Jumbo - $793,750

The interest rate on each loan limit and program will vary. Keep in mind that while these loan limits are available, the restrictions and guidelines for each one will vary and may change at any time. With lending guidelines tighten; always check with a reliable loan officer to help guide you through your mortgage financing.
-Linda Le

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