November 28th, 2018
The Federal housing Finance Agency (FHFA), has announced that the maximum conforming loan limits for mortgages with Fannie Mae and Freddie Mac are to increase in 2019. They will go from $453,100 in 2018, to $484,350 in 2019! This is due to the increase in the average U.S. home value, which is roughly 6.9% as found between the thrid quarters of 2017 and 2018. Therefore, due to this the baseline maximum conforming loan limit in 2019 will increase by the same percentage!
To read more about this and other news regarding baseline limit increases, please visit: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Maximum-Conforming-Loan-Limits-for-2019.aspx
If you have any questions, or want to find out about what you qualify for give us a call 985-888-1660!