Freddie Mac said the conforming loan limits on the mortgages it purchases from lenders will not change in 2010. Moreover, even the $729,750 loan limit for high cost areas will remain the same since Congress extended it for another year. Otherwise, the loan limits for first mortgages are: $417,000 for mortgages secured by one-unit properties, $533,850 for mortgages secured by two-unit properties, $645,300 for mortgages secured by three-unit properties and $801,950 for mortgages secured by four-unit properties. Fannie Mae is expected to make the same pronouncement shortly.
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