In most counties across the country, the 2018 maximum conforming loan limit for a single-family home will be $453,100. That’s an increase of $29,000 from the 2017 baseline limit of $424,100. This marks the second year in a row that federal housing officials have raised the baseline.
The rule also limits the number of cars. California is $1,055,900 to $4,224,600. Speaking of high-brow mortgage news, competition in the jumbo market is fierce, and the typical rate for a jumbo is.
Consequently, many borrowers who may not qualify for jumbo loans must either bring extra cash. Over half of all loans originated right at the conforming limit were in five states, California, Texas.
7%). The S&P CoreLogic Case-Shiller 20-City Home Price Index for June is expected to increase and consumer confidence in August to decline before the day rounds out with the Richmond Fed’s.
Conforming Loan Limits By County Fannie Mae New Loan Limits – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 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.