Fhfa announces increase in maximum conforming loan limits for fannie mae and freddie mac in 20174/20/2023 ![]() ![]() As home values go up, an increased conforming loan limit allows these borrowers to tap into their growing home equity now. So while these new limits are for your purchase and refinance transactions, the real advantage is for your cash-out refinance borrowers. Mortgage Lenders are now supporting conforming Conventional loan amounts up to $625,000 for one unit (and higher for more units) in all states and counties for a single-unit property, effective immediately.Īlthough this change comes in advance of an announcement from the Federal Housing Finance Agency (FHFA) about 2022’s conforming loan limits, we’re making these updates now.
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