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FHFA Announces Increased Loan Limits for 2019

Beginning in 2019, the Federal Housing Finance Agency will raise the amount that home buyers can borrow on conforming loans to $484,350, up from the current limit of $453,100.

That means homebuyers can borrow up to $31,250 more toward their home purchase without having to qualify for a Jumbo Mortgage.

So, what are some of the benefits of a conforming loan?

  • Often have less strict qualifications
  • Often have a lower interest rate
  • Can put as little as 3 percent down
  • More flexibility with your credit score

This 6.9% increase in the conforming limit reflects the change in average home prices between the third quarters of 2017 and 2018.

Additionally, the maximum loan limit will increase up to $726,525 in certain high-cost areas.

“The National Association of Realtors is pleased to see the Federal Housing Finance Agency raise its national conforming loan limits for 2019,” said John Smaby, President of the National Association for Realtors. “Today’s decision reflects rising or near record high home prices in many U.S. markets, and the move helps keep the American Dream within reach for countless families working with Fannie Mae and Freddie Mac. Without this assurance that loan limits keep up with home price growth, borrowers across the country risk being pushed out of the market altogether as mortgage rates and rising home prices continue to hold back potential homebuyers.”

For a list of the 2019 maximum loan limits for all counties and county-equivalent areas in the U.S. click here.

For a map showing the 2019 maximum loan limits across the U.S. click here.

The information contained herein (including but not limited to any description of TowneBank Mortgage, its affiliates and its lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. This is not a commitment to lend.


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