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Common use of Loan Limits Clause in Contracts

Loan Limits. The original principal balance of each Loan Group 1 Mortgage Loan is within Freddie Mac's dollar amount limits for conforming one- to four-faxxxx Xxrtgage Loans. No Group 1 Mortgage Loan contains a first lien mortgage that, at origination, exceeded the applicable loan limits specified below. The current limits are as follows: ------------------------------------------------------------------------------------------------------------ Number of Units Maximum Original Loan Amount of First Lien Maximum Original Loan Amount of Subordinate Mortgage Lien Mortgage ------------------------------------------------------------------------------------------------------------ Continental United Alaska, Guam, Continental United Alaska, Guam, Hawaii States or Puerto Rico Hawaii or States or Puerto Rico or Virgin Islands Virgin Islands ------------------------------------------------------------------------------------------------------------ 1 $417,000 $625,500 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ 2 $533,850 $800,775 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ 3 $645,300 $967,950 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ 4 $801,950 $1,202,925 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-11), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-11)

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Loan Limits. The original principal balance of each Loan Group 1 Mortgage Loan is within Freddie Mac's dollar amount limits for conforming one- to four-faxxxx Xxrtgage familx Xxxxxage Loans. No Group 1 Mortgage Loan contains a first lien mortgage that, at origination, exceeded the applicable loan limits specified below. The current limits are as follows: ------------------------------------------------------------------------------------------------------------ Number of Units Maximum Original Loan Amount of First Lien Maximum Original Loan Amount of Subordinate Mortgage Lien Mortgage ------------------------------------------------------------------------------------------------------------ Continental United Alaska, Guam, Continental United Alaska, Guam, Hawaii States or Puerto Rico Hawaii or States or Puerto Rico or Virgin Islands Virgin Islands ------------------------------------------------------------------------------------------------------------ 1 $417,000 $625,500 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ 2 $533,850 $800,775 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ 3 $645,300 $967,950 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ 4 $801,950 $1,202,925 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-11)

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Loan Limits. The original principal balance of each Loan Group 1 and Loan Group 3 Mortgage Loan is within Freddie Mac's dollar amount limits for conforming one- to four-faxxxx Xxrtgage Loansxxxxxx mortgage loans. No Group 1 or Group 3 Mortgage Loan contains a first lien mortgage that, at origination, exceeded the applicable loan limits specified below. The current limits are as follows: ------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------------------- Number of Units Maximum Original Loan Amount of First Lien Maximum Original Loan Amount of Subordinate Mortgage Lien Mortgage ------------------------------------------------------------------------------------------------------------ ----------------- ------------------------------ ------------------------- Continental United Alaska, Guam, Continental United States Alaska, Guam, Hawaii States or Puerto Rico Hawaii or States or Puerto Rico or Virgin Islands Virgin Islands ------------------------------------------------------------------------------------------------------------ ----------------- ------------------------------ ------------------------- 1 $417,000 $625,500 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ ----------------- ------------------------------ ------------------------- 2 $533,850 $800,775 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ ----------------- ------------------------------ ------------------------- 3 $645,300 $967,950 $208,500 $312,750 ------------------------------------------------------------------------------------------------------------ ----------------- ------------------------------ ------------------------- 4 $801,950 $1,202,925 $208,500 $312,750 ----------------------------------------------------------------------------------------------------------------------------- ------------------------------ -------------------------

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-4)

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