The U.S. House and Senate have passed the extension of the conforming jumbo mortgage through all of 2010. The mortgages which are securitized through Fannie Mae, Freddie Mac as well as FHA have helped a non-existent jumbo mortgage market.

The mortgages are not available in all real estate markets. They are for select “high cost” counties in states across the country. Seeing as Everlsey Capital Mortgage is in Norwalk Connecticut here are the loan limits per county:

                Fannie Mae/ Freddie Mac Limits:

                Fairfield County     $708,750

                Hartford County     $440,000

                Middlesex County $440,000

                Tolland County      $440,000

                FHA (Federal Housing Authority):

                Fairfield County      $708,750

                Hartford County      $440,000

                Middlesex County   $440,000

                Tolland County        $440,000

Unfortunately Windham, New London, New Haven and Litchfield counties in CT are not designated “high cost” counties so the loan limits there for conforming loans are $417,000.