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Federal Housing Finance Agency announces 2019 general and high-cost area loan limits

November 27th, 2018 12:48 PM by Richard Sardella MLO.100007700/NMLS 233568

The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae, including general loan limits and the high-cost area loan limits. High-cost area loan limits vary by geographic location.

General Loan Limits for 2019
 
The general loan limits for 2019 has increased and apply to loans delivered to Fannie Mae in 2019 (even if originated prior to 1/1/2019). Refer to Lender Letter LL-2018-05 for specific requirements.

Maximum Loan Amount for 2019

UnitsContiguous States, District of Columbia, and Puerto RicoAlaska, Guam, Hawaii, and the U.S. Virgin Islands
1$484,350$726,525
2$620,200$930,300
3$749,650$1,124,475
4$931,600$1,397,400

Maximum Loan Amount for High-Cost Areas for 2019

UnitsContiguous States, District of Columbia+Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1$726,525Not Applicable
2$930,300Not Applicable
3$1,124,475Not Applicable
4$1,397,400Not Applicable

+A number of states (including Alaska and Hawaii), Guam, Puerto Rico, and the U.S. Virigin Islands do not have any high-cost areas in 2019.

Posted in:General
Posted by Richard Sardella MLO.100007700/NMLS 233568 on November 27th, 2018 12:48 PM

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