New 2018 Conforming Loan Limits

The Mortgage Corner

There is a huge jump in conforming loan limits for 2018 in line with housing price rises, folks. Here are the new numbers. In line with the Federal Housing Finance Agency (FHFA) announcement yesterday, they are increasing their maximum base conforming and high-cost area loan limits on January 1, 2018.

Freddie Mac and Fannie Mae will purchase mortgages secured by properties not located in designated high-cost areas with original loan amounts up to the following limits:

Number of Units

Maximum base conforming loan limits for properties NOT in Alaska, Hawaii, Guam & U.S. Virgin Islands

Maximum base conforming loan limits for properties in Alaska, Hawaii, Guam & U.S. Virgin Islands

2018

2017

2018

2017

1

$453,100

$424,100

$679,650

$636,150

2

$580,150

$543,000

$870,225

$814,500

3

$701,250

$656,350

$1,051,875

$984,525

4

$871,450

$815,650

$1,307,175

$1,223,475

For super conforming mortgages secured by properties located in designated high-cost areas, we will purchase mortgages with original loan amounts up to the following limits:

Number of Units

Maximum loan amount for properties NOT in Alaska, Hawaii, Guam & U.S. Virgin Islands

Maximum loan amount for properties in Alaska, Hawaii, Guam and the U.S Virgin Islands

2018

2017

2018

2017

1

$679,650

$636,150

$1,019,475

$954,225

2

$870,225

$814,500

$1,305,325

$1,221,750

3

$1,051,875

$984,525

$1,577,800

$1,476,775

4

$1,307,175

$1,223,475

$1,960,750

$1,835,200

Stay tuned, as it looks like Santa Barbara County’s super conforming limits are unchanged. We will learn more in coming weeks!  

Harlan Green © 2017

Follow Harlan Green on Twitter: https://twitter.com/HarlanGreen

About populareconomicsblog

Harlan Green is editor/publisher of PopularEconomics.com, and content provider of 3 weekly columns to various blogs--Popular Economics Weekly and The Huffington Post
This entry was posted in Housing, housing market, Weekly Financial News and tagged , , , . Bookmark the permalink.

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