The Federal Housing Finance Agency (FHFA) last week announced that the maximum conforming loan limits for mortgages originated in 2010 will remain unchanged from the list provided in 2009.
The maximum loan limits for Tallahassee and all other areas in the United States can by found in a download-able format in the right sidebar of the Tallahassee Real Estate Blog, or by clicking this link to the list of FNMA loan limits by county.
So why does it matter what the FHFA says about loan limits? Because the Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.3 trillion in funding for the U.S. mortgage markets and financial institutions.
The ability of our market to recover and get people buying homes again is going to rely heavily on the availability of home loans. These Government Sponsored Entities (GSEs) make loans possible for more than 85% of the homes in the Tallahassee real estate market.
The loan limits in Tallahassee are similar to those in most of the rest of the United States, and the following table shows how much money can be borrowed for different types of residential properties in Tallahassee:
| Property Type | Loan Amount |
| One-Unit Properties | $417,000 |
| Two-Unit Properties | $533,850 |
| Three-Unit Properties | $645,300 |
| Four-Unit Properties | $801,950 |
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