The Federal Housing Finance Agency (FHFA) has announced an increase to the maximum loan limits for 2018 for both conforming and high balance/super conforming loan amounts. The loan limits apply to both Fannie Mae and Freddie Mac transactions.
*REMN limits the maximum loan amount on Freddie Mac transactions to $1,000,000 regardless of the number of units.
Actual loan limits for certain high-cost counties may be lower than the maximum loan amount identified above. If the loan is a high balance/super conforming loan, it is important to check the loan limit for the specific county in which the property is located.
A complete list of counties, including high-coast area counties and their specific maximum loan limit, may be viewed at fhfa.gov.
The new 2018 loan limits may be applied to new submissions and to loans currently in the pipeline. The REMN Fannie Mae and Freddie Mac matrices have been updated with the 2018 loan limits and are posted at remnwholesale.com.
If you have any questions, please contact your Account Executive.