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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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