FHFA Increases Conforming Loan Limits for 2018

The Federal Housing Finance Agency said yesterday that it will raise the maximum conforming loan limits for mortgages Fannie Mae and Freddie Mac purchase in 2017 from $424,000 to $453,100. The announcement marks the second time FHFA has increased the baseline loan limit since 2006. The first increase was in 2017.

In high-cost areas, such as Los Angeles, New York, San Francisco and Washington, D.C., the maximum loan limit will be $679,650, which is 50 percent higher than the prevailing conforming loan limits. Meanwhile, limits will rise in all but 71 counties in the country.


About Author

Kerry O'Leary is a senior writer at the ABA Banking Journal.