FHFA Announces Conforming Loan Limits for 2021
The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021. In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250, an increase from $510,400 in 2020.
This means Jumbo Loans are anything ABOVE $548,250 loan amounts. We can lock loans with the higher limits effective immediately.