FHFA Ups Maximum Conforming Loan Limits for 2018 – NMP Skip to main content

FHFA Ups Maximum Conforming Loan Limits for 2018

Phil Hall
Nov 28, 2017
Today’s launch of the spring homebuying season is being greeted with a new Realtor.com survey that found nearly half of shoppers this season are looking for homes at or under $200,000

The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits for mortgages on one-unit properties to be acquired by Fannie Mae and Freddie Mac in 2018 will be $453,100, up from the current level of $424,100. 
The FHFA said that in areas where 115 percent of the local median home value exceeds the baseline conforming loan limit, the maximum loan limit will be $679,650 for one-unit properties, or 150 percent of $453,100. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam and the U.S. Virgin Islands, with the baseline loan limit will be $679,650 for one-unit properties.
According to FHFA's seasonally adjusted, expanded-data Home Price Index, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017. As a result, the baseline maximum conforming loan limit in 2018 was adjusted to increase by the same percentage. The maximum conforming loan limit will be higher in 2018 in all but 71 counties or county equivalents, the FHFA added.

Nov 28, 2017
Equifax Telling Lenders Of Potential Errors In Credit Scores

About 12% of customers may have been affected, according to a source.

Industry News
May 27, 2022
Lakeview Loan Servicing Faces Multiple Lawsuits Over Data Breach

At least a dozen civil lawsuits have been filed against the company, all seeking class-action status.

Industry News
May 26, 2022
Homepoint Rolls Out Jumbo ARM Loans

Homepoint's Jumbo ARM is a strategic addition to the company’s expanding jumbo portfolio.

Industry News
May 25, 2022
Planet Home Lending Expands in Oregon

New team in Portland focuses on construction lending in the Northwest.

May 24, 2022
PennyMac Cutting 207 Jobs

A wide variety of positions are affected.

Industry News
May 24, 2022
Loan Officer Charged With Bank Fraud, Identity Theft

If convicted, she faces up to 30 years in federal prison on each bank fraud count and a mandatory consecutive 2 years’ imprisonment.

Industry News
May 24, 2022