These new mortgage limits apply to HUD/FHA’s insured mortgages:

Previous                                              Effective January 1st, 2006

One Unit         $280,749               One Unit           $290,319

Two Unit        $358,450              Two Unit          $533,850

Three Unit      $435,500            Three Unit           $645,300

Four Unit       $502,500               Four Unit           $801,950

Fannie Mae & Freddie Mac increase loan limits:

Single Family Homes: $359,650

Two Family Homes: $533,850

Three Family Homes: $645,300

limit in statutorily designated high-cost areas (Alaska, Guam, Hawaii, and the U.S. Virgin Islands) will be 50% higher, for example, $625,500 for a one-unit, single-family mortgage. For second mortgages, the 2006 limit will be $208,500. In the designated high-cost areas this will be $312,750.

New Conforming Loan Limits

US   Alaska/Hawaii 1 Unit   $400,000   $600,000 2 Unit   $512,000   $768,000 3 Unit   $618,900   $928,350 4 Unit   $769,100   $1,153,650