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Conforming Loan Limits to Increase in 2020

On Nov.26, the Federal Housing Finance Agency (FHFA) announced that it would raise the conforming loan limits, beginning January 1, 2020.

  • The maximum base conforming loan limit for single-unit properties will be $510,400, a 5.38% increase from the current limit of $484,350.
  • The high-cost area maximum limit for single-unit properties will be $765,600, an increase from the current limit of $726,525.

The change in the loan limit reflects the increase, on average, between the third quarters of 2018 and 2019.   

This is the fourth consecutive year that the FHFA has increased the conforming loan limits. Prior to that, the conforming loan limits had remained the same for a decade (2006-2016.)

Mortgages may be originated under the new loan limits beginning on Dec. 4, however must have settlement dates on or after January 1, 2020.

For a list of the 2020 maximum loan limits for all counties and county-equivalent areas in the U.S. click here

The information contained herein (including but not limited to any description of lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend.


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