New Changes to the Loan Limits!

 

 

 

The Federal Housing Finance Administration (FHFA) bumps up the conforming limit in 2018 by $29,000 to be $453,100, from which it was previously $424,100.  As for high-cost areas,high balance conforming will increasing it by $43,500 to be $679,650, from which it was previously $636,150.  These changes will bring FHA loans in line with those of Fannie Mae and Freddie Mac.

 

Here in the Bay Area our new limits are jumping from:

Conforming: $424,100 to $453,100

High Balance Conforming: $636,150 to $679,650