Conventional Loan Limits Increase for 2018

Nov. 30, 2017 |
Author: Atlantic Home Loans

For the second year in a row, FHFA will be increasing conforming loan limits for Fannie and Freddie in 2018.

With home prices on the rise, the increase in limits is seen as a necessity, increasing at the same rate average U.S. home prices have increased in 2017.

  • Loan limits increase from $424,100 to $453,100 for 2018
  • 6.8% increase over the 2017 loans
  • Maximum loan limit will be larger in certain “high-cost areas”
  • The new loan limit for most “high-cost areas” will be $679,650, up from the current $636,150 limit
  • All but 71 counties in the U.S. will see these increased limits

Please go to this website for more information:  County Limits

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