Buyers in expensive areas such as Colorado’s Denver and Boulder counties can borrow more money from Fannie Mae- and Freddie Mac-conforming loans, Realtor.com reports.
This means borrowers can get beyond the $417,000 limit mandated by The Housing and Economic Recovery Act of 2008. Counties that will receive a limit raise are clustered in the Denver, Boston, Nashville, and Seattle metro areas.
Many California counties also get a boost. These counties are Sonoma, Napa, Monterey, and San Diego.
