Overview
The Federal Housing Finance Agency (FHFA) has issued the following maximum first mortgage loan limits that will apply to conventional loans for acquisition by Fannie Mae / Freddie Mac with a note date on and after January 1, 2020.
| Units | Conforming Amount - Contiguous States and District of Columbia | Conforming Amount - Alaska and Hawaii |
| One | $510,400 | $765,600 |
| Two | $653,550 | $980,325 |
| Three | $789,950 | $1,184,925 |
| Four | $981,700 | $1,472,550 |
The Carrington Pricing Engine has been updated to price and lock loans with the new higher conventional loan limits. To take advantage of the higher limits, CMS must fund and sell the loans to Fannie Mae/Freddie Mac on and after January 1, 2020 and loans will be conditioned so they cannot close until January 1, 2020 or after.
Please note: the 2020 loan limits for FHA Loans and VA Loans will be communicated in the near future once the Agencies make an announcement.
Contacts
Please contact CorrespondentRM@carringtonms.com with any questions.
Carrington thanks you for your business.
An Equal Housing Opportunity Lender. Copyright 2007 -
2024
. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: