FHFA increases loan limits

FHFA Increases Loan Limits, Again!

As we near the end of the year, the Federal Housing Finance Agency (FHFA) has announced the maximum mortgage loan limits for 2018. For the second straight year, these limits have increased—the second time since 2006!

So what does that mean for you?

A conforming loan is one that meets a standard set of guidelines ensuring that the size of loans available reflect any changes in the average U.S. home price. These limits are required to be adjusted each year, and with the 2018 limit increase, homebuyers may qualify for more than in previous years!

Conforming loans also usually have lower interest rates than non-conforming loans as they tend to be less risky for lenders. More money and lower interest rates? We call that a win-win!

The national baseline loan limit has increased to $453,100, while limits for high-cost areas have increased to $679,650. These new loan limits will apply for all loans dated from January 1, 2018 through December 31, 2018.


For a list of the 2018 maximum loan limits for all counties in the US, visit the FHFA’s website here.

Questions about the 2018 conforming loan limits can be addressed to LoanLimitQuestions@fhfa.gov.


By: Meagan Rochard

www.fhfa.gov (1)
www.fhfa.gov (2)