Conforming loan limits set to rise again in 2019

Posted by on November 30th, 2018

Due to generally rising home prices, the Federal Housing Finance Agency will increase conforming loan limits in 2019 for mortgages backed by Fannie Mae and Freddie Mac.

It’s the third straight year with an increase after nearly a decade without a change.

Limits will rise to $484,350 from $453,100 in all but 47 counties in the U.S., an increase of 6.9%.

Loan limits will also be increasing in what the FHFA calls “high-cost areas,” where median home prices are more than 115% of the baseline cost. Most of the high-cost counties in CA, CO, MA, MD, NC, NJ, NY, TN, UT, VA, WA and the District of Columbia will have a ceiling of $726,525, which is 150% of $484,350.

In Alaska, Hawaii, Guam and the U.S. Virgin Islands, the baseline loan limit will be $726,525 for one-unit properties.

For a county-by-county breakdown of the 2019 conforming loan limits, click here.