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CONVENTIONAL LOAN LIMIT INCREASE 2020

November 29, 2019 4:08 pm
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Trulend Mortgage Now Accepting New Applications with New Loan Limits

The Federal Housing Finance Agency (FHFA) announced Tuesday that conventional loan limits are increasing. The new 2020 base loan limit in most of the country will be $510,400 (a 5.4% increase over 2019).

2020 loan limits

How can you start using these new limits?

New conventional loan limits may be used with new applications beginning November 27, 2019.

More details are available in Fannie Mae Lender Letter LL-2019-09 and Freddie Mac.

Get pre-qualified with our award-winning team today! 

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This post was written by Aaron Cottle

Equal Housing Lender. ©2021 Trulend Mortgage LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. Trulend Mortgage LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought.

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