The Federal Housing Finance Agency (FHFA) has issued the maximum loan limits that will apply to conventional loans in 2017. The first mortgage loan limits are defined in terms of general loan limits and high-cost area loan limits. This is the first time the maximum loan limits have increased since 2006.
The following chart contains the general loan limits for 2017:
The following chart contains the high-cost area loan limits for 2017:
The new limits are effective on or after January 1, 2017