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Maximum Loan Amount

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Maximum Loan Amount

The largest loan size permitted on a particu- lar loan program.

For programs where the loan is targeted for sale to Fannie Mae or Freddie Mac, the maximum will be the largest loan eligible for purchase by these agencies. On FHAloans, the maximums are set by the Federal Housing Administration, and vary somewhat by state and county. On other loans, maximums are set by lenders.



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Right as this article is being written, the maximum loan amount is a little over $151,000.
Monthly loan payments will be available from September for up to two years, or until a maximum loan amount of pounds 5,000 has been made.
Under the new proposal, the maximum loan amount for each company, except listed companies that are not qualified for loans, will be increased from HK$1 million to HK$6 million, he said.
 
 
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