Conventional Loans

A conventional loan is a private sector loan, one that is not guaranteed or insured by the U.S. government. These loans do not include FHA loans or VA loans.

Fannie Mae

Fannie Mae is the most common name of the Federal National Association. Fannie Mae is a congressional chartered, shareholder - owned company that buys mortgages from lenders and resells them as securities on the secondary mortgage market.

Before approving you, Fannie Mae looks at a number of factors including credit rating, debt ratio, and employment history. Loans that are approved via Fannie Mae should qualify for a better rate. Visit Fannie Mae for more details.

Freddie Mac

Freddie Mac is the common name for the Federal Home Loan Mortgage Corporation. The 2012 maximum loan amount for the both Fannie Mae and Freddie Mac is $625,500 depending on the state & county you live in. Normally the max loan limit is $417,000. Freddie Mac does not issue mortgage directly, rather, they buy mortgage from lenders and sell them as securities on the secondary mortgage market. Factors involved to approved are credit ratings, debt ratio, and employment history. Like Fannie Mae, loans that are approved via Freddie Mac should qualify for a better rate. You may also like to visit Freddie Mac for further details.

            48 States General
& High Cost
Hawaii / Alaska
General & High Cost
1 Unit $417,000 - $625,500 $625,500 - $938,250
2 Units $533,850 - $800,775 $800,775 - $1,201,150
3 Units $645,300 - $967,950 $967,950 - $1,451,925
4 Units $801,950 - $1,202,925 $1,202,925 - $1,804,375