The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018.
The high cost area limits for areas like Los Angeles are based on 150% of the baseline loan limit. The new ceiling loan limit for one-unit properties in most high-cost areas will be $726,525 — or 150 percent of $484,350
Loans that meet conforming guidelines can generally have better mortgage interest rates, as the mortgage backed securities has a goverment implicent guarantee and support.
2 to 4 unit residential properties also have higher loan amounts:
High – Cost areas limits 1 to 4 units
1 Unit $726,525
2 Units $930,300
3 Units $1,124,475
4 Units $1,397,400
For a list of the 2019 maximum loan limits for all counties and county-equivalent areas in the U.S. click
For a map showing the 2019 maximum loan limits across the U.S. click
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me.
Ron Henderson GRI, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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