The maximum loan limit for Freddie Mac and Fannie Mae loans in 2013 for loans made in Delaware will remain the same as it was in 2012. The Federal Housing Finance Agency (FHFA) announced on Thursday November 29, 2012 that the baseline limit that will applu to most of the country will be $417,000 for one unit properties. Below is a chart showing the conforming loan limits for New Castle County, Delaware; Kent County, Delaware’ and Sussex County, Delaware:
Number of Units: Max Delaware (Kent, New Castle, & Sussex Counties) Loan Limit
1 Unit $417,000
2 Unit $533,850
3 Unit $645,300
4 Unit $801,950
A 1 unit home is your traditional single family residence which can be a detached home, townhome, or condo. Anything over 4 units is considered commercial and not elgibile for conforming financing through Fannie Mae or Freddie Mac.
Get a free quote on a conventional mortgage loan for purchase or refinance of a home in Delaware, Maryland, or Pennsylvania; call 302-703-0727 or APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783
Primary Residential Mortgage, Inc.
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 DE Office
410-412-3319 MD Office
610-906-3109 PA Office