Embedded Files
Loan Limits
Loan Limits
2020 Loan Limits Overview
2020 Loan Limits Overview
The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages. These include general and high-cost area loan limits; high-cost areas vary by geographic location.
Loan limits increased for all but 43 counties across the country, including Alaska, Hawaii, Guam, and the U.S. Virgin Islands.
In those 43 counties, the limits remained unchanged.
Loan limits did not decrease anywhere in the U.S. and its territories.
2020 High-cost Counties/Metropolitan Statistical Areas (MSA)
2020 High-cost Counties/Metropolitan Statistical Areas (MSA)
There are high-cost areas within the following states: California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Idaho, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Tennessee, Utah, Virginia, Washington, West Virginia, Wyoming.
The high-cost area limits published in Lender Letter-2019-09 are the statutory limits provided by FHFA, but should not be used to determine the loan amount. Lenders must find the applicable loan limit for counties/MSAs in the Loan Limit Look-up Table or on FHFA's web page.
Fannie mae
Fannie mae
Affordable Products
Affordable Products
The HomeReady® mortgage includes innovative income flexibilities that can help your customers qualify for an affordable mortgage with a down payment as low as 3%.
View 97% LTV/CLTV/HCLTV financing options that help you serve qualified first-time home buyers and support the refinance of Fannie Mae loans.
NOT OFFERED BY BROKERS - HFA Preferred - Fannie Mae
HFA Preferred™ pairs features of HomeReady with the flexibilities from local housing finance agencies (HFAs), designed to serve more low- to moderate-income borrowers.
Home Renovation, Construction, and Energy Improvements
Home Renovation, Construction, and Energy Improvements
HomeStyle Renovation - Fannie Mae
Learn how HomeStyle® Renovation provides a convenient and flexible way for your customers to finance home improvements and repairs as part of the purchase or refinance mortgage.
Discover products and options to help you serve customers interested in financing for construction projects.
Whether they’re purchasing a home or refinancing their current one, help your borrowers finance upgrades to reduce utility costs and improve the comfort and safety of their homes.
Rural Areas, Underserved and Homebuyer Assistance Programs
Rural Areas, Underserved and Homebuyer Assistance Programs
See how our innovative offerings, including MH Advantage, can support affordable alternatives to site-built homes.
Shared Equity and Homebuyer Assistance Programs
Discover how these programs can support your borrower's first steps to achieve their lifelong goal of homeownership.
Learn more about ways to increase mortgage financing opportunities for Native American Communities both on and off tribal trust and restricted lands.
High LTV Refinance
High LTV Refinance
See if your borrowers with existing Fannie Mae mortgages can benefit from a high LTV refinance option.
ARM Loans, High-Balance Loans, Loan Limits, and More
ARM Loans, High-Balance Loans, Loan Limits, and More
View eligibility for adjustable-rate mortgages, high-balance loans, condo projects, and more.
Fannie Mae's Website References
Fannie Mae's Website References
The following table contains a list of documents and Web pages that are from Fannie Mae's website.
Area Median Incomes
https://www.fanniemae.com/singlefamily/originating-underwriting
Appraiser Independence Requirements
https://www.fanniemae.com/content/fact_sheet/appraiser-independence-requirements.pdf
Approved Mortgage Insurers and Related Identifiers
https://www.fanniemae.com/content/tool/approved-mortgage-insurers-related-identifiers.pdf
Community Seconds Checklist
https://www.fanniemae.com/content/fact_sheet/community-seconds-checklist.pdf
Co-op Share Loan Documentation Requirements
Condo, Co-op, and Planned Unit Development (PUD) Eligibility
https://www.fanniemae.com/singlefamily/project-eligibility
Condo Project Manager (CPM)
https://www.fanniemae.com/singlefamily/condo-project-manager
Credit Information Providers
https://www.fanniemae.com/singlefamily/credit-information-providers
Desktop Underwriter Job Aids
https://www.fanniemae.com/content/job-aid/desktop-underwriter/topic/du_welcome.htm
Desktop Underwriter Potential Red Flag Messages
https://www.fanniemae.com/content/tool/du-potential-red-flag-message-matrix.pdf
Desktop Underwriter Training and Education
https://www.fanniemae.com/singlefamily/desktop-underwriter
Eligibility Matrix
https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf
Fannie Mae Requirements for Document Custodians (RDC guide)
https://www.fanniemae.com/content/eligibility_information/document-custodians-requirements.pdf
Guide to Delivering eMortgage Loans to Fannie Mae
https://www.fanniemae.com/content/technology_requirements/emortgage-delivery-guide.pdf
High-balance Loan Feature
https://www.fanniemae.com/content/fact_sheet/high-balance-loan-matrix.pdf
Home Counselor Online
https://www.fanniemae.com/singlefamily/home-counselor-online
Homeownership Education Policies FAQs
https://www.fanniemae.com/content/faq/home-buyer-education-policies-faqs.pdf
Legal Documents
https://www.fanniemae.com/singlefamily/legal-documents
Loan Limits for Conventional Mortgages
https://www.fanniemae.com/singlefamily/loan-limits
Loan-Level Price Adjustment (LLPA) Matrix
https://www.fanniemae.com/content/pricing/llpa-matrix.pdf
Mortgage Fraud Prevention
https://www.fanniemae.com/singlefamily/mortgage-fraud-prevention
Mortgage Products
https://www.fanniemae.com/singlefamily/mortgage-products
Notes
https://www.fanniemae.com/singlefamily/notes
Project Eligibility Review Service (PERS) Overview
https://www.fanniemae.com/content/fact_sheet/pers-overview.pdf
Requests for Extensions of a Conditional and Final Project Approval (section of PERS Overview)
https://www.fanniemae.com/content/fact_sheet/pers-overview.pdf
Riders & Addenda
https://www.fanniemae.com/singlefamily/riders-addenda
Servicing Guide
https://www.fanniemae.com/content/guide/servicing/index.html
Single-Family Selling and Servicing Guide Forms
https://www.fanniemae.com/singlefamily/selling-servicing-guide-forms
Special Feature Codes
https://www.fanniemae.com/content/list/special-feature-codes.pdf
Special Purpose Legal Documents
https://www.fanniemae.com/singlefamily/special-purpose-documents
Standard ARM Plan Matrix
https://www.fanniemae.com/content/eligibility_information/arm-matrix.pdf
Page updated
Report abuse