What are GSE Guidelines ?
Guidelines issued by ‘government-sponsored enterprises (GSEs) such as Fannie Mae, and Freddie Mac, for amounts of loan disbursable. In 2008, the amounts are $ 417,000 for single family home, $ 533,850 for two family, $ 645,300 for three family, $ 801,950 for four family, and $ 208,500 for second mortgage loan. The GSE guideline for a single family home in a high cost-area is $ 625,500. These figures are applicable to all states except Alaska, Hawaii, and Virgin Islands, where the limits are 50% higher.
