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