Digital Move Portal
Loan Servicing Portal
I can help you!
Visit My Site
I can help you!
Visit my Page
Homebuying, Selling & Relocating
Homebuying, Selling & Relocating-Homebuying,-Selling-Relocating-3-2-Homebuying, Selling & Relocating-
Industry Newsroom-Industry-Newsroom-4-2-Industry Newsroom-
Loan Options-Loan-Options-5-2-Loan Options-
Premia Life-Premia-Life-6-2-Premia Life-
2020 Conforming Loan Limits
The Federal Housing Finance Agency (FHFA) announced an increase of maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2020. The maximum amount for a conforming loan is now $510,400 for a single-family unit (previously $484,350).
This is important becauses now more borrowers will be able to take advantage of the benefits of a conforming loan, such as lower costs and flexible financing. If you are purchasing in a high-cost area, you too benefit as each market is reviewed. The new conforming loan limit for one-unit properties in most high-cost areas (i.e. San Francisco) will be $726,525.
Click here for a map of the US with loan limit information
Each year the FHFA analyzes home prices to ensure loan limits adjust according to home prices.
- Dec 02, 2019
You might also like
COVID-19 Update - March 30, 2020
We are living in challenging times, but one thing that has not changed is our commitment to our employees, customers, business partners, and the communities we serve.
- Mar 30, 2020
The health and safety of our employees, customers, partners, and the communities we serve is our top priority.
- Mar 17, 2020
3 Common Mortgage Myths Debunked
If a down payment, your credit or the amount of debt you have are keeping you from buying a home, think again!
- By Jill Best, Mar 05, 2020