The high-cost area limits published in Lender Letter-2020-14 are the statutory limits provided by FHFA, but should not be used to determine the loan amount. Lenders must find the applicable loan limit for counties/MSAs in the Loan Limit Look-Up Table or on FHFA's web high-cost area loan limits are established for each county (or equivalent) and are published on Fannie Mae’s website. and on FHFA’s website. The maximum limits for 2020 are: Units High-Cost Area Loan Limits Contiguous States, District of Columbia, and Puerto Rico Alaska, Guam, Hawaii, and Virgin Islands One $765,600 Not Applicable Two $980,325 Three $1,184,925 Four $1,472,550Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar Year 2020 and Originated after 10/1/2011 or before 7/1/2007 (These limits were determined under the provisions of the Housing and Economic Recovery Act of 2008)The 2020 loan limits for high-cost areas are available on the FHFA website Opens in a new window. Originating mortgages and taking out contracts before January 1, 2020. We’ll update Loan Product Advisor ® on December 4, 2019, so you may begin originating mortgages with the 2020 loan limits immediately. However, mortgages meeting the higher 2020 limits are not eligible for sale to Freddie Mac until on or after January 1, Conforming Loan Limits by County, 2021 UpdateLoan Limits for 2020 Are Increasing - Freddie MacLoan Limits for 2020 Are Increasing - Freddie MacLoan Limits for 2020 Are Increasing - Freddie Mac04/08/2021 · Fannie Mae publishes on its website the maximum high-cost area loan limits that may apply by state (or territory); however, specific loan limits are established for each county (or equivalent) and may be lower for each specific high-cost area. Refer to Loan Limits for Conventional Mortgages for additional information, including the loan limits for each area.
