Conventional Loan Limits for 2019

Announcement 2018 : 20

The Federal Housing Finance Agency (FHFA) has announced the 2019 loan limits for FNMA and FHLMC agency loans.

The complete list of counties (including high-cost area counties) can be found via this link: Federal Housing Finance Agency.

REMN limits the maximum loan amount on Freddie Mac transactions to $1,000,000 regardless of the number of units.

**NOTE** Alaska and Hawaii high-cost limits have not been implemented by FHFA, which means loan limits in these states must conform to the general loan limits. REMN Wholesale will provide additional communication regarding how loans will be handled that are above the 2019 limits that do not fund in 2018.

If the loan is a high balance/super conforming loan, it is important to check the loan limit for the property address county as loan limits may be lower than the amount identified in the table above.

The 2019 loan limits may be applied to new submissions and to loans currently in the pipeline. Loans may receive an “Approve/Ineligible” or “Accept/Ineligible” finding, however, REMN will accept if the only ineligible reason is due to the loan amount exceeding the 2018 limit.

2019 loan limits will be incorporated into DU the weekend of December 8, 2018, and LP the weekend of December 1, 2018.

REMN will update our Fannie Mae and Freddie Mac guidelines with these new limits in the near future.

If you have any questions, please contact your Account Executive.