FHFA increases conforming loan limits for 2020

Agency Rule-Making & Guidance FHFA Mortgages Mortgage Lenders Fannie Mae Freddie Mac Conforming Loan

On November 26, the FHFA announced that it will raise the maximum conforming loan limits for mortgages purchased in 2020 by Fannie Mae and Freddie Mac from $484,350 to $510,400. In high-cost areas, such as Los Angeles, New York, San Francisco, and Washington, D.C., the maximum loan limit will be $765,600. For a county-specific list of the maximum loan limits in the U.S., click here.