Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021. The 2021 maximum loan limit for one-unit properties in most of the country increased to $548,250 (an increase from $510,400). In high-cost areas the maximum loan limit increased to $822,375 for one-unit properties (an increase from $765,600). Similar to 2020, there are no super conforming limits specific to Alaska, Hawaii, Guam or the U.S. Virgin Islands for 2021 (as there are no counties in these areas with loan limits higher than the applicable base conforming loan limits). The increased loan limits apply to loans that have funding or settlement dates on or after January 1, 2021.
Click to view the FHLMC 2021 Loan Limits Article: https://www.tenaco.com/wp-content/uploads/2020/11/FHLMC-2021-Loan-Limits-Article.pdf
Click to view the FHFA 2021 Loan Limits News Release: https://www.tenaco.com/wp-content/uploads/2020/11/FHFA-2021-Loan-Limits-News-Release.pdf
Click to view FNMA Lender Letter LL-2020-14: https://www.tenaco.com/wp-content/uploads/2020/11/FNMA-Lender-Letter-LL-2020-14-1.pdf
