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FHFA Announces Higher Loan Limits for 2019

As the result of a higher average U.S. home price in 2018, the Federal Housing Finance Agency (FHFA) has announced new, higher maximum conforming loan limits for 2019.

In most areas of the country, the 2019 maximum loan amount for one-unit properties will be $484,350, an increase from $453,100 in 2018.  In high-cost areas, the new maximum high balance loan limit will be $726,525, up from $679,650.  This is a 7% increase over the prior year.

As a special offer to our clients, FM Lending Services can close loans using the 2019 limits beginning December 10, 2018.

Loan limits may vary by county. Click here for a list and map of the 2019 maximum loan limits for all counties and county-equivalent areas in the U.S.

 

 

New Conforming Loan Limit Sample:

   2019 Conforming Loan Limit   

   Maximum Sales Price    

   Down Payment Amount   

$484,350

$499,329

3%

$484,350

$605,437

20%

 

New High Balance Loan Limit Sample:

   2019 High Balance Loan Limit   

   Maximum Sales Price    

   Down Payment Amount   

$726,525

$764,763

5%

$726,525

$908,156

20%

 

Contact your mortgage consultant directly if you have questions on local limits or other home financing options.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC dba FM Lending Services. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

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