Conventional Loan Limits for 2019

Big news! The Federal Housing Finance Agency (FHFA) announced Nov. 27 that it is increasing the conforming loan limit for Fannie and Freddie mortgages in nearly every part of the U.S.

According the FHFA, conforming loan limits will rise from this year’s total of $453,100 to $484,350 for 2019. That’s an increase of 6.9% from this year’s loan limit to next year’s.

This marks the third straight year that the FHFA has increased the conforming loan limits. 

Effective Dec. 1, 2018, JMAC will now accept the new 2019 Loan Limits on the following products:

  • FHLMC Home One

  • FHLMC Home Possible

  • FHLMC Standard

  • FNMA Home Ready

  • FNMA Standard

For all Fixed-Rate products, loans will require a new DU/LPA ran on or after 12/10/18, and the earliest the loan can close is 12/17/2018.

For all ARM Products, loans will require a new DU/LPA ran on or after 12/10/18, and the earliest the loan can close is 1/2/2019.

Please note that for all FHLMC Products, loan amounts over $1,000,000 will not be eligible until 12/19/2018 when LPA is updated to allow loan amounts above $1,000,000.

Units Continental US Hawaii Units Continental US Hawaii
Conforming Maximum Loan Amount 2019 High Balance Maximum Loan Amount 2019
One $484,650 $726,525 One $726,525 $726,525
Two $620,200 $930,300 Two $930,300 $930,300
Three $749,650 $1,124,475 Three $1,124,475 $1,124,475
Four $931,600 $1,397,400 Four $1,397,400 $1,397,400