Orange County, CA & Other High-Cost Areas Get $729,750 Federal Loan Limit

" As part of the Obama administration’s stimulus package home owners in high-cost areas will be eligible to get a new mortgage through Fannie Mae or Freddie Mac up to $729,750. This is the same amount covered under the expanded Fannie and Freddie guidelines of 2008 that originally expired in 2009. The previous high-cost loan amount was $625,500."