Here’s a good sign for home prices. The Federal Housing Finance Agency announced Nov. 28, 2017 that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2018 will be $453,100, an increase from $424,100 in 2017.
It’s been a decade since conforming loan limits have increased, but when the New Year arrives, the maximum limit will increase from $417,000 to $424,100. For conventional loan products that allow low down payments— HomeReady™, Piggyback and Conventional 97 — this gives consumers in 2017 a little more buying power for a fraction of the […]
This post is from December 2014. For more updated information about jumbo loans, click here and read this. It was recently announced that several counties in the United States will raise their conforming loan limits. In case you heard otherwise,