Just announced this morning, the Federal Housing Finance Agency (FHFA) has increased the maximum conforming loan limits for Fannie Mae and Freddie Mac mortgages in 2019.
- In most of the United States, the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018.
- In most designated high-cost areas, including Alaska and Hawaii, the new loan limit for one-unit properties will be $726,525, which is up from $679,650 in 2018.
The new loan limits are effective for loans funded on or after January 1, 2019, which means borrowers applying for loans from now until the end of the year may take advantage of these significant increases, provided their loan closes on or after January 1. Click image below to check out your county’s loan limit.
Please feel free to call/text/email Sarah or Natalie to discuss how this may impact your home search or mortgage options.