Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2020. The 2020 maximum loan limit for one-unit properties in most of the country increased to $510,400 (an increase from $484,350). In high-cost areas the maximum loan limit increased to $765,600 for one-unit properties (an increase from $726,525). With respect to properties located in Alaska, Hawaii, Guam and the U.S. Virgin Islands, the maximum loan limit increased to $765,600 for one-unit properties (an increase from $726,525). The increased loan limits apply to loans that have funding or settlement dates on or after January 1, 2020.
Click Here to View the Fannie Mae Lender Letter LL-2019-09
Click Here to View the Freddie Mac Loan Limits Increase Announcement
