FHFA Announces Increase in Maximum GSE Conforming Loan Limits for 2021

This week, the Federal Housing Finance Agency (FHFA) published the 2021 maximum conforming loan limits for mortgages eligible to be acquired by Fannie Mae and Freddie Mac. The increase in these values was expected, as average home prices continued to rise throughout the country over the past year. The baseline maximum conforming loan limit for one-unit properties increased 7.42 percent from $510,400 to $548,250. In most high-cost areas, the maximum conforming loan limit for one-unit properties will increase from $765,600 to $822,375.


·         Why it matters: This will be the fifth consecutive annual increase in maximum conforming loan limits, after these limits remained unchanged from 2006 through 2016. The maximum limits are calculated by FHFA according to a formula established by Congress in the Housing and Economic Recovery Act of 2008 (HERA).

·         What's next: MBA will continue to work with FHFA and the GSEs as housing finance reform efforts progress. We will emphasize the important role of the GSEs while also seeking ways to further attract private capital to the mortgage market.


For more information, please contact Sasha Hewlett at (202) 557-2805.




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Legislative Update - June 2020


The CMBA Technology in Mortgage Banking Committee

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