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Fannie Mae & FHA Announce New Loan Limits for 2017

For the first time in years, maximum conventional and FHA loan amounts have increased. Refer to the table below for the new conventional limits on loans closed in 2017 (even if originated prior to 1/1/2017). In addition to the changes in the table below, the high balance limits have also increased.

FHA increased limits go into effect for case numbers pulled on or after 1/1/2017; for 2017 FHA limits, please reference HUD’s online tool.

Contact one of our experienced Loan Officers if you have any questions about these new loan limits and what they mean for your buyers in the coming year.

 

conventional-buttonfha-buttonMore information:
Fannie Mae’s Website &  FHA Mortgage Limits page

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Lending services may be provided in certain states by Marketplace Home Mortgage, L.L.C. (NMLS#1082).  This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend.  The information here may not be up-to-date and may no longer be accurate.  Consumers must independently verify the accuracy and currency of available mortgage programs.  All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report.

If you are interested in learning more about becoming a homeowner, our loan officers can help you get started.   Find A Branch Near You