No change in Fannie Mae and Freddie Mac conforming loan limits for 2014

The Federal Housing Finance Agency (FHFA) has announced that the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will remain at $417,000 for one-unit properties in most areas of the country. Important to New York, the high-cost loan limit will remain $625,000 for the counties comprising the lower Hudson Valley, New York City and Long Island, while the rest of the state will remain at the $417,000 national limit.

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