Maximum Conforming Loan Limits Will Stay The Same For 2013

Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

The Federal Housing Finance Agency (FHFA) has announced that the Maximum Conforming Loan Limits Will Stay The Same For 2013.  The present Conforming Loan Limit for most counties throughout the country is $417,000, but can be higher in counties that are considered high cost areas.  Conforming Loan Limits mainly apply to Fannie Mae and Freddie Mac Mortgages, and the present limits have been in place since October of 2011.

The FHFA estabishes the Conforming Loan Limits by calculating the Median Home Values in each State, by city, town, and county depending on the State.  While some cities, towns, and counties have seen an increases in home prices in 2012, most have not.  Once home prices start to go up again, Conforming Loan Limits may increase, but they generally tend to stay the same for a number of years before increasing.

Just because there are Maximum Conforming Loan Limits, it does not mean that higher loans can not be done.  When a mortgage is higher that the Maximum Conforming Loan Limit it is referred to as a Non-Conforming Loan, or more commonly known as a Jumbo Loan.  Non-Conforming Loans, follow different guidelines than Conforming Loans, and generally have higher interest rates.

The Federal Housing Finance Agency (FHFA) announcement that Maximum Conforming Loan Limits Will Stay The Same For 2013 is a good thing in my opinion, because with home prices still going down in many areas throughout the country, they could have easily gone down.  A complete list of the 2013 Maximum Conforming Loan Limits for all cities, towns, and are available on FHFA’s website.



 Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or


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  1. Joan Cox 12/07/2012 09:46 AM
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conforming loan limits 2013

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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

That is really good news on the conforming side. I just hope going forward that they stop tinkering with the guidelines, as they are tough enough already.

Dec 04, 2012 06:20 PM #1
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

George, nice information, and was wondering if these limits would be adjusted!    We can always count on you to keep us up-to-date!

Dec 04, 2012 09:09 PM #2
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