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You are here: Home / lending / Conforming Loan Limits JUMP UP AGAIN in 2020

November 26, 2019 By David Wright

Conforming Loan Limits JUMP UP AGAIN in 2020

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Conforming Loan Limits will JUMP UP AGAIN in 2020.  The Federal Housing Finance Agency announced Tuesday that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000.

In most of the U.S., the 2020 maximum conforming loan limit will be raised to $510,400, up from 2019’s level to $484,350.

This marks the fourth straight year that the FHFA has increased the conforming loan limits after not increasing them for an entire decade from 2006 to 2016.

In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $93,400.

Back in 2016, the FHFA increased the conforming loan limits from $417,000 to $424,100. Then, the next year, the FHFA raised the loan limits from $424,100 to $453,100 for 2018. And in 2018, the FHFA increased the loan limit from $453,100 to $484,350 for 2019.

And now, loan limits will top $510,000.

  • Read the full November 26, 2019 HousingWire Article By: Kelsey Ramírez    HERE

Filed Under: general, lending Tagged With: 2020 Conforming Loan Limit, A Plus Mortgage, A Plus Mortgage Colorado Springs, Come Join Our Family, Conforming Loan Limit, El Paso County Loan Limit, FHFA Loan Limit, LLC, Loan Limit, VA Loan Limits

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