Many of you have been waiting and asking about the new legislation, the Economic Stimulus Act, that temporarily modifies conforming loan limits. Wait no longer, the new conforming loan limits have been released by the US Housing and Urban Development (HUD). The new conforming loan limit amount for Santa Clara County is $729,750, which is the maximum amount under the new legislation. The new conforming loan limits vary by county.

For more information about this “FHA Forward Loan” or to view the new conforming loan limits for other counties, visit the HUD site.