A limit set each year based on average housing prices. These limits are adhered to throughout most of the industry and offer the very best interest rates available.
Loans with terms, balances and conditions set forth by the main secondary market conduits, FNMA and FHLMC. The limit changes annually. For 2005, the limit is $350,650.
adj. 1. Refers to an implementation (a compiler or other language processor) which will accept any strictly conforming (q.v.) program. 2. Refers to a program which is acceptable to a conforming implementation. (See ANSI Sec. 1.7 or ISO Sec. 4.)