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2014 Conventional & FHA Loan Limits
2014 Loan Limits for Conventional & FHA Loans

     For the calendar year 2014, it was recently announced that loans backed by Fannie Mae and Freddie Mac will maintain their current maximum loan limits with NO changes.  This is great news for the real estate industry as there was recently talk of lowering the limits slightly.  While slightly lower limits wouldn't have a huge impact on lending, they could signal a declining real estate market & depreciating home prices.
     Unfortunately, HUD decided to take a different route and announced that FHA loan limits for calendar year 2014 will include a reduction of the maximum loan limit.  In some high cost areas the maximum loan amount is being reduced by more than $100,000.  This could be less indicative of the market and more indicative of HUD limiting exposure on HUD-insured mortgages, which have resulted in massive losses over the past several years as a result of a recession that included large numbers of foreclosures & short sales of HUD-insured properties.  Without further ado, here are the 2014 loan limits for conventional and FHA loans:
2014 Conventional Loan Limits**
1 unit (single family home) - $417,000
... more

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