2018 Home Loan Limit Increases

2018 Home Loan Limit Increases


The following new limits will be effective for loans in 2018:


  • FHFA (Federal Housing Finance Authority)—Conventional Loans. The Federal Housing Finance Agency (FHFA) has announced that it has increased the 2018 maximum conforming and high-cost area loan limits for mortgages acquired by Fannie Mae and Freddie Mac. Conforming loan limits for one-unit properties in the contiguous U.S. will be $453,100. High-cost area loan limits for one unit will be $679,650.

  • FHA (Federal Housing Authority) FHA has updated its list of the maximum mortgage limits for FHA-insured forward mortgages, effective for case numbers assigned on or after January 1, 2018, through December 31, 2018. FHA loan limits will increase in 3,011 counties and stay the same in 233 counties.

  • VA (Veterans Affairs) VA Loans will also have new limits; however, for pricing purposes, keep in mind that any amount over the conforming lending limit of $453,100 will be considered high balance for VA on or after January 1, 2018.


Pete Veres Headshot
Author:
Phone: 505-362-2005
Dated: December 15th 2017
Views: 55
About Pete: Integrity & Professionalism...Period! Consistent Top Performing and highly qualified Albuquerque Re...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

January 2018 REMAX National Housing Report - 2017 Closes Strong, Record High
The Most Important Benefits Of Homeownership - Majority of Americans, about 91%,
December 2017 REMAX National Housing Report - Sales Up Despite Years of Rising
2018 Home Loan Limit Increases - The following new limits will be

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Re/Max Elite
8300 Carmel Ave NE, Ste 201
Albuquerque, NM
505-985-5360
505-798-6969