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Mortgage Loan Limits

NAR supports retaining the current GSE and FHA loan limits to provide access to mortgage credit in all markets in all economic times.

March 21, 2014
On March 19, 2014, President Steve Brown wrote a letter to the Federal Housing Administration (FHA) about the significant drops in loan limits in some areas with revised Metropolitan Statistical Area (MSA) determinations.
March 21, 2014
On March 20, 2014, NAR President Steve Brown submitted comments on the Federal Housing Finance Agencies (FHFA) request for information on lowering the loan purchase limits for Fannie Mae and Freddie Mac (the Enterprises).
December 13, 2013
Much has been going on in the area of loan limits.  Last month, the FHFA announced that the loan limits for Freddie Mac and Fannie Mae would not be going down in 2014, as had been previously suggested.
December 9, 2013
Starting next year, all FHA loans granted for homes in high-cost areas will be capped at $625,500, reduced from the current limit of $729,750.
October 11, 2013
Sixty-six Members of the House of Representatives weighed in with FHFA Acting Director DeMarco urging him not to lower the Freddie Mac and Fannie Mae loan limits.
October 10, 2013
NAR, along with the Mortgage Bankers Association, the National Association of Home Builders, and others, urged the FHFA in a recent letter to regulators to delay its proposal to reduce the loan limits.
October 4, 2013
13 Senators last week sent a letter to FHFA Acting Director DeMarco urging him not to lower the Freddie Mac and Fannie Mae loan limits.
September 20, 2013
On Tuesday, September 17, 2013, NAR President Gary Thomas sent a letter to Federal Housing Finance Agency (FHFA) Acting Director Ed Demarco raising concerns about the continued attempts to increase cost and reduce access to conventional mortgages.
February 12, 2013
Learn about the new Qualified Mortage (QM) rule and what it means for today's real estate market.
November 30, 2012
The FHFA announced it will not be changing the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac.