The temporary high-balance loan limits for Conforming GSE (Government Sponsored Entities) and FHA loans have been extended through 2010.
This means the current loan limits set to expire this year will continue through next year. This will help keep the real estate market on track for recovery. According to a related blog on Zillow, the bill only needs President Obama’s signature which should happen in the next few days. No word as to whether the VA plans on extending their high-balance loan limits through 2010. This is typical for the VA as their guidelines usually change shortly after changes have been made to conforming and FHA loans.
Here are the links to search for your loan limits by area:
