800.470.0045
  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Home
  • Property Search
    • Search Truckee/Tahoe
    • Map Search
    • Featured Listings
    • New Listing Notifications
  • Communities
    • All Communities
    • Ski Communities
    • Golf Communities
  • About
    • Carroll Real Estate Team
    • Testimonials
  • Buyers & Sellers
    • What’s My Home Worth
    • New Listing Notifications
    • Sell
    • Buy
  • News
  • Contact
Home > 2019 Loan Limits Increase Giving Buyers More Purchasing Power

2019 Loan Limits Increase Giving Buyers More Purchasing Power

January 4, 2019 by Chris Carroll

featured imageGood news! Loan Limit have increased for Conventional Loans. The Federal Housing Finance Agency (FHFA) announced that loan limits for Fannie and Freddie mortgages in nearly every part of the U.S. have increased for 2019. Conforming loan limits went from $453,100 in 2018, to $484,350 for 2019. That’s an increase of 6.9% from last year’s loan limit to this year’s.

This marks the third straight year that the FHFA has increased the conforming loan limits after not increasing them from 2006 to 2016.

This means buyers have increased purchasing power. Take advantage and buy a new home today!

Loan Limit Amounts

The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae, including general loan limits and the high-cost area loan limits. High-cost area loan limits vary by geographic location.

Maximum Loan Amount for 2019

Units Contiguous States, District of Columbia, and Puerto Rico Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $484,350 $726,525
2 $620,200 $930,300
3 $749,650 $1,124,475
4 $931,600 $1,397,400

Maximum Loan Amount for High-Cost Areas for 2019

+A number of states (including Alaska and Hawaii), Guam, Puerto Rico, and the U.S. Virigin Islands do not have any high-cost areas in 2019.

Units Contiguous States, District of Columbia+ Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $726,525 Not Applicable
2 $930,300 Not Applicable
3 $1,124,475 Not Applicable
4 $1,397,400 Not Applicable

Source: Marketing Center, 2019, www.fanniemae.com/singlefamily/loan-limits.

If you would like to learn more about available properties in the Truckee, Lake Tahoe area or if you are interested in selling, contact the Carroll Real Estate Team. We are always happy to assist! 800.470.0045

Filed Under: Buying Tagged With: 2019, Conventional Loans, FHFA, Loan Limits

Recent Posts

  • Featured Lot: 11306 China Camp Road, Truckee CA
  • Hydroelectric Flumes of Truckee: Using the Power of the Sierra
  • Forest Service Acquires 120 Acres on Brockway Summit Adding It to the National Forest System and Preserving the Quality of Experience on the Tahoe Rim Trail
  • The Spirit of Goodwill Is Upon Us – Celebrating Hometown Heros Part 2

Categories

Follow Us On Instagram @tahoetruckee_re

Search Listings

$
$

Carroll Real Estate Team

Contact Chris

Chris Carroll
530.386.0845
chris@tahoetruckee.com

Contact Ally

Ally Carroll
530.386.0847
ally@tahoetruckee.com

Chris Carroll CA BRE #01062001   |  Ally Carroll CA BRE #01970759   |  sitemap   |   admin   |   ©2021 All Rights Reserved  |  Real Estate Website Design by IDXCentral.com