Freddie Mac & Fannie Mae 2020 Loan Limits


On November 26, 2019, the Federal Housing Finance Agency (FHFA) published the 2020 conforming loan limits for Freddie Mac and Fannie Mae. The baseline (national) limit will increase to $510,400 from $484,350 in 2019. In high cost areas, the limit will go up to $765,600 (from $726,525). The loan limits are based on FHFA's Housing Price Index, which increased by 5.38% since last year. Therefore, the baseline maximum conforming loan limit in 2020 will increase by the same percentage. To look up the loan limit in your area, click here. The new limits take effect on Jan 1, 2020. FHA is expected to publish its loan limits in early December, which should mirror the FHFA limits.

------------------------------

Joseph M. Ventrone Vice President, Federal Policy and Industry Relations | Advocacy Group NATIONAL ASSOCIATION OF REALTORS® | 500 New Jersey Ave NW | Washington, DC 20001 Email: JVentrone@realtors.org | Office: 202-383-1095 | Mobile: 202-841-6181 Twitter: @JoeVentrone www.nar.realtor ------------------------------

Recent Posts
Archive
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
Looking for extra help? Click here to visit our Helpful Links 

700 Mechem Dr., Ste. 10  |  Ruidoso, NM  |   (575) 257-4750

  • w-facebook
  • Twitter Clean

© 2020 Ruidoso/Lincoln County Association of REALTORS®