FHFA Announces Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017

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Valuation Management Group, as part of our appraisal management services, strives to keep our partners updated on industry related issues.

The Federal Housing Finance Agency (FHFA) announced on November 28th, that for only the second time since the housing crisis, the maximum base conforming loan limits will increase again in 2018.  The 2017 increase was the first since 2006.

For most of the country, conforming loan limits for one unit homes will increase from $424,100 to $453,100.   According to FHFA’s seasonally adjusted House Price Index (HPI), home  prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017.  As such, the maximum conforming loan limit in 2018 will increase by the same percentage.

The conforming loan limit for one unit homes in Alaska, Guam, Hawaii and the U.S. Virgin Islands will increase to $679,650, up from $636,150 in 2017.  In other states, high-cost counties will apply higher loan limits.

The new loan limits are effective for loans delivered on or after January 1, 2018 even if originated prior to January 1, 2018.  To read Fannie Mae Lender Letter LL-2017-10, access Fannie Mae’s Loan Limit Look-Up Table 2018 and  read Freddie Mac’s Announcement in their entirety, please use the following links:



In their News Release the FHFA is quoted as saying  ‘As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum conforming loan limit will be higher in 2018 in all but 71 counties or county equivalents in the U.S.’

Valuation Management Group is pleased to share this news with our partners.   If there are any additional questions about this announcement, please feel free to reach out to Sharon Lynn, Vice President of Client Relations by email at Sharon.Lynn@vmgappraisals.com or phone 678-501-7880.

Valuation Management Group is a national, residential and commercial appraisal management services company that manages the appraisal process, including the appraisal review, for financial institutions, banks, mortgage bankers, and credit unions. VMG offers a full array of commercial and residential appraisal products and services. The company’s goal is to take the appraisal process from ordinary to extraordinary for its clients and appraisers.

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