Tag Archives: Conforming Loan Limit

The new maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase for the first time in a decade, according to the FHFA.

In a letter to the Federal Housing Finance Agency, the National Association of Federal Credit Unions is urging the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower, citing that this change could interrupt a still-recovering housing market.