Conforming Loan Limit

Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with origination balances below a specific amount, known as the “conforming loan limit.” Loans above this limit are known as jumbo loans.

The national conforming loan limit for mortgages that finance single-family one-unit properties increased from $33,000 in the early 1970s to $417,000 for 2006-2008, with limits 50 percent higher for four statutorily-designated high cost areas: Alaska,  Hawaii, Guam, and the U.S. Virgin Islands.  Since 2008, various legislative acts increased the loan limits in certain high-cost areas in the United States.  While some of the legislative initiatives established temporary limits for loans originated in select time periods, a permanent formula was established under the Housing and Economic Recovery Act of 2008 (HERA).  Loan limits determined under the HERA formula will apply to loans: (a) acquired by Fannie Mae and Freddie Mac in 2013 and (b) originated after September 30, 2011 or before July 1, 2007.
 

Maximum Loan Limits for Loans Acquired in Calendar Year 2013 and Originated after 9/30/2011 or Prior to 7/1/2007

        HERA-Based Loan Limits for Calendar Year 2013 -- All Counties
        HERA-Based Loan Limits for Calendar Year 2013 -- High-Cost Areas Only


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Older (Previously Announced) Loan Limits

Maximum Loan Limits for Loans: (a) Acquired in Calendar Year 2012 and (b) Originated after 9/30/2011 or Prior to 7/1/2007

        HERA-Based Loan Limits for Calendar Year 2012 -- All Counties

Maximum Loan Limits for Loans: (a) Acquired in Calendar Year 2011 and (b) Originated after 9/30/2011 or Prior to 7/1/2007

        HERA-Based Loan Limits for Calendar Year 2011 -- All Counties

Maximum Loan Limits for Loans Originated between 10/1/2010 and 9/30/2011 (Same as Limits for 1/1/10-9/30/10 Originations) 

        Loan Limits for Loans Originated between 10/1/2010 and 9/30/2011 -- All Counties

Maximum Loan Limits for 2010-Originated Mortgages (Same as Limits for 2009 Originations in all Areas; Set under PL111-88)

        Loan Limits for 2010 Mortgage Originations -- All Counties

Maximum Loan Limits for Mortgages Originated in 2009 (American Recovery and Reinvestment Act-Limits)

        Loan Limits for 2009 Mortgage Originations -- All Counties
 
Maximum Loan Limits for Mortgages Originated between July 1, 2007 and December 31, 2008 (Economic Stimulus Act of 2008 Limits)

        Loan Limits for Mortgage Originations between 7/1/2007-12/31/2008 -- High-Cost Areas

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