Camarillo Real Estate

Mission Oaks

Spanish Hills

Las Posas Estates

Santa Rosa Valley

Central Camarillo

Camarillo Heights

Village at the Park

  and ALL of

  Beautiful Camarillo!

        Jennifer Hunnicutt            www.ILoveCamarillo.com

(805) 377-6011

RE/MAX Gold Coast Realtors, Inc

Jen@west.net

President Bush today signed off on the $168 billion stimulus packaged approved by Congress last week, which, in addition to tax rebates for millions of working Americans and business owners, includes a vital, but temporary increase in the conforming loan limit. The economic stimulus package will allow the Federal Housing Administration, as well as Fannie Mae and Freddie Mac to offer mortgages above the current conforming loan limit of $417,000 to as much as $729,750 in high-cost areas for loans originated between July 1, 2007 and Dec. 31, 2008.

Raising the conforming loan limits to more accurately reflect the cost of housing in California and other high-costs areas of the nation has long been a top C.A.R. objective. Currently, Californians are forced into more expensive non-conforming jumbo loans, decreasing homeownership opportunities for many and forcing others into more costly – and often riskier – loan products.