2020 Conforming Loan Limits

conventional loan limits1
conventional loan limits1

The overall strong real estate market has seen major booms in the last few years. The increase in average prices have led to a change in the maximum conventional loan limit, yet again.

For the year 2020, the maximum loan amount allowed by either Freddie Mac or Fannie Mae for a conventional loan will be $510,400.

For perspective, the maximum conventional loan limits in the year 2018 was and then increased in 2019 to $510,400. The new increase is 12.6% over the 2018 loan limit.

Report

What do you think?

Mentor

Written by madisonmortgage

Real Estate | Mortgage | Social Media | Content Curator | Blogger | Cyclist | Disc Golfer www.madisonmortgageguys.com

Video MakerStory MakerYears Of MembershipVerified User

Leave a Reply

fha loan limits11

2020 FHA Loan Limits Updated

kelly image

Kelly Hyman launches The Hyman Law Firm