Some good news for the folks Connecticut who apply for a jumbo mortgage in Fairfield County, Hartford County, Middlesex County and Tolland County. Both Fannie Mae and Freddie Mac have extended the conforming jumbo mortgage program through all of 2010.

Homeowners and potential ones have had the pleasure in these counties of having some really great mortgage rates for loans that are higher than the conventional mortgage limit of $417,000. In the past any loan higher than the conforming limit would be considered a jumbo mortgage and the mortgage rates were somewhat higher. The high balance conforming mortgage program allows borrowers in these counties to apply for higher loan amounts and the rates are close in comparison to that of a loan that is $417,000 or less.

Here is a list of the counties and the loan amounts that they can go up to:

Fairfield County:  $708,750

Hartford County:  $440,000

Middlesex County: $440,000

Tolland County:  $440,000