-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Oj5E/QyDf/Mv8yJ51g+wPzd0NQK1RUNfsXcr250tA0mnZOIPfEl27+FpTmact++b
 QUARj3LjiY/53Yvth7sTsQ==

<SEC-DOCUMENT>0001428294-09-000006.txt : 20090618
<SEC-HEADER>0001428294-09-000006.hdr.sgml : 20090618
<ACCEPTANCE-DATETIME>20090618125029
ACCESSION NUMBER:		0001428294-09-000006
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090618
DATE AS OF CHANGE:		20090618
EFFECTIVENESS DATE:		20090618

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORTGAGE FUND 08 LLC
		CENTRAL INDEX KEY:			0001428294
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-115219
		FILM NUMBER:		09898355

	BUSINESS ADDRESS:	
		STREET 1:		C/O THE MORTGAGE FUND LLC
		STREET 2:		201 LAFAYETTE CIRCLE, 2ND FLOOR
		CITY:			LAFAYETTE
		STATE:			CA
		ZIP:			94549
		BUSINESS PHONE:		925-282-1020

	MAIL ADDRESS:	
		STREET 1:		C/O THE MORTGAGE FUND LLC
		STREET 2:		201 LAFAYETTE CIRCLE, 2ND FLOOR
		CITY:			LAFAYETTE
		STATE:			CA
		ZIP:			94549
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0401</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001428294</cik>
        <entityName>MORTGAGE FUND 08 LLC</entityName>
        <issuerAddress>
            <street1>C/O THE MORTGAGE FUND LLC</street1>
            <street2>201 LAFAYETTE CIRCLE, 2ND FLOOR</street2>
            <city>LAFAYETTE</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>94549</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>925-282-1020</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kelly</firstName>
                <middleName></middleName>
                <lastName>Ng</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>201 Lafayette Circle</street1>
                <street2></street2>
                <city>Lafayette</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>95449</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Walter</firstName>
                <middleName></middleName>
                <lastName>Ng</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>201 Lafayette Circle</street1>
                <street2></street2>
                <city>Lafayette</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>94549</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Banking and Financial Services</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-02-27</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>Promissory Note</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>20000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>85171945</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>0</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>554</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MORTGAGE FUND 08 LLC</issuerName>
                <signatureName>Kelly Ng</signatureName>
                <nameOfSigner>Kelly Ng</nameOfSigner>
                <signatureTitle>Manager</signatureTitle>
                <signatureDate>2009-06-18</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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