Fannie Mae, Freddie Mac Maximum Conforming Loan Limits to Rise in 2018

Filed in Housing Finance by on November 28, 2017 0 Comments

The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limit for mortgage loans acquired by Fannie Mae and Freddie Mac in 2018 will increase to $453,100 from $424,100.

The loan limit will rise 6.8% in 2018 because FHFA has determined that the average U.S. home value increased 6.8% between the third quarters of 2016 and 2017.

Higher loan limits will be in effect in higher-cost areas as well. In areas where 115% of the local median home value exceeds the baseline loan limit, the maximum area loan limit will be higher. The new ceiling loan limit in high-cost markets will be $679,650, or 150% of the $453,100 for single-family properties. The previous ceiling was $636,150.

Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam and the U.S. Virgin Islands. In these areas, the baseline loan limit will be $679,650 for single-family properties, but actual loan limits may be higher in some specific locations. A list of the 2018 maximum conforming loan limits for all counties and county-equivalent areas in the country may be found here.

Questions concerning the maximum conforming loan limits can be addressed to For additional information, contact Curtis Milton at 800-368-5242 x8597.

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