Conforming Loan Limits Increase For 2021

The Federal Housing Finance Agency recently announced the new 2021 conforming loan limits for Fannie Mae and Freddie Mac. The new mortgage limit for a base 1 unit property is $548,250, with select high-cost locations even greater. This is over a 7% increase from last year's limit of $510,400 and marks the fifth year in a row of increases.