New Loan Limits for 2010 to be Annouced Shortly

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C.A.R. just gave us notification that next year’s loan limits will be announced shortly. Currently conforming loans are at $417,000 and Jumbo at $729,750. However Jumbo loans could drop to $625,500. If they did you could expect pricing pressure on homes preiced greater than $781,875 since buyer’s would need to put more cash down than 20% to meet the PMI exemption.

-sunil

SMA REALTY
Sunil Sethi / Associate Broker, REALTOR, MBA, CPA / SMA Realty
38350 Fremont Blvd. #202 / Fremont, CA 94536
Office 510 793 8600 / Mobile 510 388 2436 / Fax 510 431 9046

My Bio: http://sunilsethi.com/about_me.htm

Personal: http://www.sunilsethi.com

My blog: http://fremontrealestate.blogspot.com/

LinkedIn: http://www.linkedin.com/in/fremontrealtor

CA DRE#: 01173766

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