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FHFA Increases Conforming Mortgage Limits for 2020

Mortgage News > FHFA Increases Conforming Mortgage Limits for 2020
Date: 12/04/2019    FHFA Increases Conforming Mortgage Limits for 2020

U.S. homebuyers will be able to bid on pricier homes and still get the benefits of government-guaranteed mortgages in 2020, thanks to a recent decision from the Federal Housing Finance Agency (FHFA). Based on the 4.9% national home price growth this past year, the FHFA recently announced that the maximum conforming loan limits for Fannie Mae and Freddie Mac loans will be $510,400 in 2020, up from the current limit of $484,350. The new limit will be even higher in the most expensive housing markets.

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