Fannie, Freddie Loan Limits Largely Unchanged in 2016

The maximum conforming loan limits for mortgages Fannie Mae and Freddie Mac purchase in 2016 will remain at current levels, the Federal Housing Finance Agency said on Wednesday. That means the loan limit in most areas will be $417,000 for one-unit properties.

In high-cost areas, such as Los Angeles, New York, San Francisco, and Washington, D.C., the maximum will remain at $625,500. Meanwhile, limits will rise in 39 counties that have experienced rising home prices — principally in the Boston, Denver, Nashville, Tenn., and Seattle metro areas.