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Loan purchase limits for 2008 are unchanged from those in effect for 2007. Loan purchase limits set the maximum original loan amounts allowed on single-family conventional mortgages.

The loan limits for first mortgages are:

• $417,000 for mortgages on one-family properties;
• $533,850 for mortgages on two-family properties;
• $645,300 for mortgages on three-family properties; and
• $801,950 for mortgages on four-family properties.

The loan limit for subordinate lien mortgage loans remains at half of the 1-unit loan limit for first mortgages, or $208,500.