2020 Conforming Loan Limits

The Federal Housing Finance Agency approved a higher conforming loan limit that will take effect Jan. 1, 2020. The cap on loans purchased or acquired by Fannie Mae and Freddie Mac during 2020 will increase to $510,400, the FHFA said Tuesday. That marks an increase over the $484,350 limit for 2019.

Higher limits are available for properties that contain two, three, or four units. The limits for multiunit properties range from $653,550 to $981,700.

View a map showing the 2020 maximum loan limits nationwide. (Note: El Dorado County, CA. is $530,001 to $765,599 for 1 – 4 units)

Source: FHFA and “Conforming Loan Limit Increased to $510,400,” Mortgage News Daily (Nov. 26, 2019)