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On February 13, 2008, President George W. Bush signed a fiscal incentive package that increased the maximum limit of loan from $650,000 to $729,750 until December 31, 2008. The particular for any area will likely be the greater of (1) the 2008 compliant loan limit ($417,000); or (2) 125% of area medium house price, but no extra than 175% of the 2008 compliant loan limit ($729,750, will be 175% of $417,000).
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