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Conventional Loan Limit Increase 2020

CategoriesFinancial Education / First Time Home Buyer / News & Awards / Realtor / Realtor Blog

Rebecca Squyres

November 27, 2019

GMFS is now accepting new applications with increased 2020 conventional loan limits!

The Federal Housing Finance Agency (FHFA) announced Tuesday that conventional loan limits are increasing.

The new 2020 base loan limit in most of the country will be $510,400 (a 5.4% increase over 2019).

2020 loan limits

How can you start using these new limits?

New conventional loan limits may be used with new applications beginning November 27, 2019.
More details are available in Fannie Mae Lender Letter LL-2019-09 and Freddie Mac.

 

 

 

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