Financing in Massachusetts>Question Details

Rebecca, Home Buyer in Wellesley, MA

What are the current conforming loan limits for essex, middlesex, and worcestor counties in MA?

Asked by Rebecca, Wellesley, MA Thu Oct 8, 2009

I would like to know at which point the mortgage would be consider jumbo. Thanks.

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1
Hi Rebecca- The simple answer is $417K.

The "JUMBO" Fannie Mae limit in your area is actually $465,750. Those rates are normally a little higher than the regular conforming.
Anything over the $465K will be a true JUMBO loan, and the rates are higher- unless you go with a 3/1 or 5/1 ARM product.
If you need any help or a quote, please don't hesitate to contact me. Thanks,
Ken L.
0 votes Thank Flag Link Thu Oct 8, 2009
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