FHFA Increases 2020 Conforming Loan Limit

FHFA Increases 2020 Conforming Loan Limit

The Federal Housing Finance Agency has announced plans to raise the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000. In most of the U.S., the 2020 maximum conforming loan limit will rise to $510,400. This is a large jump from the 2019 level and marks the fourth consecutive year that the FHFA has increased the limit.

For more information about this change, click here.

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