Maximum Conforming and FHA Loan Limits 2021

Now that 2021 is upon us and 2020 is in the rearview, we can now be excited about something great! Once again, the loan limits for conforming loans acquired by Fannie Mae and Freddie Mac have increased this year. By having record low interest rates, this is an opportunity for many Buyers being able to have more Buying Power than ever before. Current homeowners also have a better opportunity to refinance. The national conforming loan limit for 2021 is $548,250. FHA’s 2021 minimum national loan limit “floor” of $356,362 is set at 65 percent of the national conforming loan limit. This “floor” applies to those areas where 115 percent of the median home price is less than the “floor” limit. If you’ve been on the fence, now is the time to act!