2006 Fannie, Freddie, FHA loan limits announced

2006 Fannie, Freddie, FHA loan limits announced: "WASHINGTON -- Dec. 6, 2005 -- Secondary mortgage market companies Fannie Mae and Freddie Mac have increased conforming loan limits on single-family properties from $359,650 to $417,000, effective Jan. 1, 2006, their largest increase at 16 percent in 20 years. Loan limits will also increase on other properties:

* $533,850 for mortgages on two-family properties (up from $460,400)
* $645,300 for mortgages on three-family properties (up from $556,500)
* $801,950 for mortgages on four-family properties (up from $691,600)

Under the Fannie Mae and Freddie Mac charters, loan limits in states and territories designated high-cost areas -- Alaska, Hawaii, Guam and the U.S. Virgin Islands -- are 50 percent higher than the amounts above."