Mortgage loan limit increased in county - 2003-11-26
Higher priced houses will be a little more attainable in the San Diego area next year.
Effective Jan. 1, the so-called conforming loan limit will increase to $333,700. Also on that date, the ceiling on government-insured mortgages will rise to about $290,300 in San Diego and other high-cost areas, and $160,200 in most other places.
The conforming loan limit, now $322,700, is the ceiling on loans that can be purchased by Fannie Mae and Freddie Mac.
Read the full story at SignOn San Diego