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Maximum Conforming Loan Limits Remain Unchanged in 2012


The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2012 will remain at existing levels. There is one exception - Fairfield County, Connecticut, where limits will increase. The maximum conforming loan limits for one-unit properties, which generally have applied to loans originated since October 1, 2011, are $417,000 in most locations, but are as high as $625,000 in certain high-cost areas in the contiguous United States.

For loans originated prior to October 1, 2011, the maximum loan limit was as high as $729,750 in the contiguous United States, but that higher “ceiling” was permitted under legislation that no longer applies to newly-originated loans. The 2012 loan limits are set under the permanent formula established in the Housing and Economic Recovery Act of 2008. A listing of the 2012 maximum conforming loan limits for all counties and county- equivalent areas in the country can be found here. A link to FHFA’s press release and additional information can also be accessed here.