Rockingham and Strafford County Benefit From Raised Conforming Mortgage Limits

Rockingham County and Strafford County FHA loan limits were raised from $417,000 to $523,750 for single-family homes - these represent the highest conforming loan limits in New Hampshire.

The Economic Stimulus Act of 2008 has allowed Fannie Mae and Freddie Mac to raise conforming loan limits for high cost areas on a temporary basis. These temporary jumbo conforming loan limits apply to loans originated from July 1, 2007 to December 31, 2008.

NH Boston-Cambridge-Quincy, MA-NH (Metropolitan Area)
Component Counties (NH): Rockingham, Strafford
Single Family Limit $ 523,750

For a one-unit property, the maximum temporary loan limit is calculated as 1.25 times the median house price for the highest priced county in the property’s metropolitan or micropolitan area or the median house price or the property’s county if it is in a rural county.

Around the country, regardless of the area median home price, the loan limit cannot, in general, exceed $729,750 (1.75 times the 2008 conforming loan limit). The 2008 conforming loan limit of $417,000 remains in place everywhere else.

Data for all areas are available on the HUD Web site at https://entp.hud.gov/idapp/html/hicostlook.cfm.

Mortgage maximums were last revised March 5, 2008.