FREDDIE MAC STATEMENT ON 2008 LOAN LIMITS

McLean, VA – Freddie Mac's loan purchase limits for 2008 are unchanged from those in effect for 2007. Loan purchase limits set the maximum original loan amounts allowed on single-family conventional mortgages Freddie Mac can purchase. The loan limits for first mortgages are:

$417,000 for mortgages on one-family properties;
$533,850 for mortgages on two-family properties;
$645,300 for mortgages on three-family properties; and
$801,950 for mortgages on four-family properties.

Maximum original loan amounts are 50 percent higher for first mortgages on properties in Alaska, Hawaii, Guam and the US Virgin Islands, according to Freddie Mac's charter.

The loan limit for subordinate lien mortgage loans remains at half of the 1-unit loan limit for first mortgages, or $208,500.

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