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Tag Archives: Conforming Loan Limits

FHFA: Loan Limits to Remain Unchanged for 2015

In an release, FHFA announced that the maximum limit for mortgages acquired by Fannie Mae and Freddie Mac will stay at $417,000 for single-unit properties in most of the country, with a maximum of $625,500 for certain high-cost areas. Forty-six counties will see an increase based on their own local conditions.

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How Loan Limits Have Failed Today’s Housing Market

One way the federal government has accounted for local market differences is through the conforming loan limit: the maximum amount of a home loan that Fannie Mae and Freddie Mac can guarantee. However, according to Trulia chief economist Jed Kolko, this current system falls far short of reflecting the actual differences in local home prices and ends up favoring borrowers in lower-cost markets.

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