FHFA Announces Maximum Conforming Loan Limits for 2018

Good news: the Federal Housing Finance Agency (FHFA) announced that it will raise the maximum conforming loan limits for Fannie Mae and Freddie Mac mortgages. 

Beginning Jan. 1, 2018, the maximum loan limit will be $453,100, up from $424,100 in most markets throughout the U.S. (higher limits will be in effect in higher-cost areas).

Borrowers can put as little as 3% down on conventional loans with conforming rates.

Avoid the “High Balance” interest rate bump.

More access to mortgages with fewer “High Balance” overlays.

Find out more information by following this link!