In 2012, for the 7th straight year, the national, single-family conforming mortgage loan limit will remain at $417,000.
As signed into law last Friday, maximum FHA loan limits are — once again — as high as $729,750.
For homeowners in high-cost areas nationwide, conforming and FHA loan limits have dropped by as much as 14 percent.
If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent.