Fannie Mae and Freddie Mac Increased Conforming Loan Limits for 2020 – (even if originated prior to 1/1/2020)

Conforming l Loan Limits for 2020

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Conforming loan limits for 2020 have increased and apply to loans delivered to Fannie Mae & Freddie Mac in 2020 (even if originated prior to 1/1/2020). Refer to for specific requirements.

Maximum Loan Amount for 2020

# of Units All 50 States   
          1 $510,400  
          2 $653,550  
          3 $789,950  
          4 $981,700  

Freddie Mac News:

The Federal Housing Finance Agency approved a higher conforming loan limit that will take effect Jan. 1, 2020. The cap on loans purchased or acquired by Fannie Mae and Freddie Mac during 2020 will increase to $510,400, the FHFA said Tuesday. That marks an increase over the $484,350 limit for 2019.

This is the fourth consecutive year that the FHFA has raised conforming loan limits.

Conforming loan limits can stretch even higher in areas with high median home values. High-cost areas will be capped at $765,600, or 150% of $510,400, starting in January.

The maximum conforming loan limit will be higher in 2020, except for 43 counties in the U.S.

Higher limits are available for properties that contain two, three, or four units. The baseline limits for multiunit properties range from $653,550 to $981,700.

The FHFA’s home price index showed an annual gain in single-family home prices over the previous four quarters at an average of 5.38%. The percentage is reflected in the new baseline limit for conforming loan limits.

FHA and VA loan limits have not yet been announced for 2020.

?Joseph M Pisa
President, CEO

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Mortgage Loan Originator
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