The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limits for residential mortgage loans acquired by Fannie Mae and Freddie Mac in 2025. Fannie Mae addresses the limits in Lender Letter 2024-03.
As was expected based on the continuing increase in housing prices, the limits increased significantly. The standard loan limit for a one-unit home increased from $766,550 in 2024 to $806,500 for 2025. For high-cost areas, and also for Alaska, Guam, Hawaii and the U.S. Virgin Islands, the loan limit for a one-unit home increased from $1,149,825 for 2024 to $1,209,750 for 2025.
The FHFA announcement that is linked above includes links to:
• A list of conforming loan limits for all counties and county-equivalent areas in the U.S.
• A map showing the conforming loan limits across the U.S.
• A detailed addendum of the methodology used to determine the conforming loan limits.
• A list of FAQs that covers broader topics that may be related to conforming loan limits.
Fannie Mae advises that the loan limits apply to the original loan balance, and not the loan balance at the time of delivery.
