Conforming Loan Limit Increases
The Federal Housing Finance Agency, FHFA, announced today that it is increasing the conforming loan limit for Fannie and Freddie mortgages in nearly every part of the U.S.
According to the FHFA, the conforming loan limits will rise from this year’s total of $453,100 to $484,350 for 2019. That’s an increase of 6.9% from this year’s loan limit to next year’s.
As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum conforming loan limit will be higher in 2019 in all but 47 counties or county equivalents in the U.S.
read the article “FHFA Announces Maximum Conforming Loan Limits for 2019″on fhfa.gov