FHFA: Conforming Loan Limits Remain Unchanged

Conforming loan limits will remain the same according to recent guidance issued by the Federal Housing Finance Agency (FHFA). 

The agency announced that the 2014 maximum loan limit for mortgages acquired by Fannie Mae and Freddie Mac will remain at $417,000 for one-unit properties in most areas of the country.


The Housing and Economic Recovery Act of 2008 (HERA) establishes the maximum conforming loan limit that the GSEs are permitted to set for mortgage acquisitions. HERA also requires annual adjustments to these limits to reflect changes in the national average home price.

In determining 2014 loan limits under the terms of HERA,FHFA did not change the baseline maximum conforming loan limit for the United States. The baseline limit—$417,000 for one-unit properties in the contiguous United States—was left unchanged based on historical index values for FHFA’s monthly and quarterly House Price Index (HPI).

Further information on potential future changes in the maximum size of loans that Fannie Mae and Freddie Mac guarantee will be forthcoming.

DSNews, BY:  Ashley R. Harris, December 2, 2013

Updated: 12/09/2013 — 9:55 am

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