The conventional home loan limits for Fannie Mae and freddie mac backed conventional mortgages has been increased from $424,100 in 2017, to $453,100 for all new conventional home loans in 2018. That also means that for VA loans, the base loan limit is now also $453,100 to qualify for a home loan with a 0% down payment.
According to the FHFA, median home values "generally increased" in high-cost areas as well in 2018, which drove an increase maximum loan limits in many areas. The new ceiling loan limit for.
PUBLISHED: November 29, 2018 at 12:00 pm | UPDATED: November. Conforming loan limits generally run at one-eighth to one-quarter point lower in interest.
· Conventional Loan Limits 2018 – FHFA announced conventional loan limits will be increasing for 2018 from $424,100 to $453,100. John Thomas with Primary Residential Mortgage explains the new.