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FHFA Announces Maximum Conforming Loan Limits for 2019

On November 27, 2018 The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. 

 

 

 

The loan limit effective 1/1/19 for a conforming loan is $484,350(previously $453,100). For certain high cost areas such as Los Angeles there is a higher limit for so-called "Jumbo conforming loans"  between $484,350 and $726,525  (previously $679,650  ).   Jumbo loans in excess of $726,525 also require a much higher down payment of 25 to 30%. The new FHA limit for FHA guaranteed loans for 2019 have not been announced.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 0 commentsMaureen Megowan • December 04 2018 09:25PM

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