2020 Conforming Loan Limits
The conforming loan limits for both Fannie Mae and Freddie Mac has recently been raised to more than $510, 000 by the Federal Housing Finance Agency. This is up from the 2019 level, which was $484,350 in most of the country. This current raise will mark the fourth increase in just as many years. This is good news since those conforming loan limits had not been raised for ten years, from 2006 through 2015.