2019 conventional loan limitsThe Federal Housing Finance Agency (FHFA) announced increased loan limits for the 2019 calendar year for Conventional Home Loans. The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019 will be effective for all loans sold on or after January 1st, 2019.  In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018.

2020 Loan Limits Now Available: 2020 Conforming Loan Limits

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350

What is the Conventional Loan Limit on a 2 Unit Property?

The standard Conventional loan limit on a 2 Unit Property is set at $620,200. High costs areas are set at $930,300 conventional loan limit on 2 unit properties.

What is the Conventional Loan Limit on a 3 Unit Property?

The standard Conventional loan limit on a 3 Unit Property is set at $749,650. High costs areas are set at $1,124,475 conventional loan limit on 3 unit properties.

What is the Conventional Loan Limit on a 4 Unit Property?

The standard Conventional loan limit on a 4 Unit Property is set at $931,600. High costs areas are set at $1,139,400 conventional loan limit on 3 unit properties.

How is the Conventional Loan Maximum Calculated?

The Housing and Economic Recovery Act reviews the baseline conforming loan limit and requires that it be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price.  When the FHFA published its Q3 2018 House Price Index (HPI) report, data showed that home prices increased by 6.9% on average. This is the amount that the baseline maximum conforming loan limit in will increase for Conventional Loans in 2019.

What is the Conventional Loan Limit for High Cost Areas?

A high cost ares is defined as a place where the local median home value exceeds the baseline confirming loan limit by 115 percent.  For these areas, the “ceiling” is 150 percent of the baseline loan limit. The new ceiling loan limit for one-unit properties in most high-cost areas will be $726,525 — or 150 percent of $484,350.

The new High Cost Conventional Loan Limit is $726,525 for one unit properties.

Give us a call today at 800-555-2098 or request information below!

    Request Information Now!


    By clicking "Submit Now!", you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Riverbank Finance LLC about your inquiry and other home-related matters, but not as a condition of any purchase; this applies regardless of whether you check, or leave un-checked, any box above. You also agree to our Privacy Policy and Terms of Use regarding the information relating to you. Msg/data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. This no obligation inquiry does not constitute a mortgage application. To apply now or get immediate assistance, call us at 1-800-555-2098.