FHFA Announces New Loan Limits for 2020

The Federal Housing Finance Agency today said that it will raise the maximum conforming loan limits for mortgages Fannie Mae and Freddie Mac purchase in 2020 from $484,350 to $510,400. The announcement marks the fourth time FHFA has increased the baseline loan limit since 2006.

In high-cost areas, such as Los Angeles, New York, San Francisco and Washington, D.C., the maximum loan limit will be $765,600, which is 150 percent of the nationwide conforming loan limit. Limits will rise in all but 43 counties in the country.