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 apply 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 eligible for conforming financing through Fannie Mae or Freddie Mac.

Get a free quote on a conventional mortgage loan for the purchase or refinance of a home in Delaware, Maryland, or Pennsylvania; call 302-703-0727 or APPLY ONLINE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713