FHFA Announces New 2021 Conforming Loan Limits

The Federal Housing Finance Agency (FHFA) announced on Nov. 24 that the maximum conforming loan limits for single-property houses will increase in 2021 to $548,250, a 7.5% increase from the current limit of $510,400. The new limit for high-cost areas will be $822,375, an increase from the current limit of $765,600.

The Housing and Economic Recovery Act (HERA) mandates that the conforming loan limit be adjusted yearly to reflect the change in the average U.S. home price. 

This is the fifth consecutive increase to the conforming loan limits. Prior to that, the conforming loan limits had remained the same for a decade (2006-2016.) For a list of the 2021 maximum loan limits for all counties and county-equivalent areas in the U.S. click here.  

This is not a commitment to lend.