Conforming Loan Limits Increasing to Over $510,000!

By
Real Estate Agent with REMAX Realty Group Lic. # SL3154233

The Federal Housing Finance Agency (FHFA) has recently announced that it will raise the conforming loan limits for Freddie Mac and Fannie Mae, effective January 1, 2020.

  • The baseline limit will be raised from $484,350 to $510,400 for most of the U.S.
  • In high cost areas, the limit will increase up from $726,525 to $765,600.


Loan limits are based on the FHFA’s Housing Price Index which increased by 5.38% since last year.  Accordingly, the maximum conforming loan limit will increase by the same percentage.  


More information can be found through the links below:

  • CLICK HERE to read HousingWire's "Fannie Mae, Freddie Mac loan limit increases to more than $510,000" Article
  • CLICK HERE for the Federal Housing Finance Agency's (FHFA) Map showing the 2020 maximum loan limits across the U.S.
  • CLICK HERE to download a spreadsheet of HousingWire's Breakdown by County

 

Homebuyers should take advantage of these changes! Contact your local realtor Abby Stiller with Remax Realty Group who can help you to find your dream home! 

Posted by

 

Abby Stiller 

Realtor® Lic. #3154233    

12 Years of Experience

RE/MAX Realty Group    Cape Coral Fort Myers Naples  Realtor Cape Coral      

 

I help Home buyers find their dream home & Homeowners sell for more. Thinking of buying or selling? Call/Text me: 239-284-8637   Your Honest & Dedicated Realtor!

or visit: www.TeamStiller.com

 

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Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Abby indeed I saw an email about this but was too busy to focus on.... great way to spread the good news:) Have a Happy Thanksgiving, Endre

Nov 27, 2019 10:19 PM #1
Rainmaker
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Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Good morning Endre Barath, Jr. Good things are happening and buyer should take advantage of it. Happy Thanksgiving to you too!

Nov 28, 2019 05:38 AM #2
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Rainmaker
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Abby Stiller

Professional Bilingual Realtor (239) 284-8637
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