2018 Conforming Loan Limits Announced

Summary

The Federal Housing Finance Agency on Tuesday announced the maximum “conforming” loan size that can be sold to Fannie Mae and Freddie Mac in 2018 will be $453,100 for a single-family home in most parts of the country, a 6.8 percent increase from 2017’s maximum loan size of $424,100.

  • Timeliness: Urgent! Every office should be given this presentation. 
  • Expiration: 12/31/17, unless updated

Talking Points

  • New “conforming” loan limit for 2018 will be $453,100 for a single-family home in most parts of the country, up 6.8% from 2017’s limit of $424,100.
  • The conforming loan limits for Fannie and Freddie are determined by the Housing and Economic Recovery Act of 2008, which established the baseline loan limit at $417,000 and mandated that, after a period of price declines, the baseline loan limit cannot rise again until home prices return to pre-decline levels.
  • It is the second consecutive year in which the agency raised conforming loan limits nationally.
  • Last year’s increase was the first bump since 2006, before the housing crisis.

Assets

Video Intro

Slide Presentation

Flyer


Tai Anderson

Taispeak, Roswell, GA 30075

Market Like A Rockstar!