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Increase in 2017 Loan Limits Announced

November 23, 2016

In line with the Federal Housing Finance Agency (FHFA) announcement today, we're increasing our maximum base conforming and high-cost area loan limits on January 1, 2017.

We will purchase mortgages secured by properties not located in designated high-cost areas with original loan amounts up to the following limits:

Number of Units Maximum base conforming loan limits for properties NOT in Alaska, Hawaii, Guam & U.S. Virgin Islands Maximum base conforming loan limits for properties in Alaska, Hawaii, Guam & U.S. Virgin Islands
  2017 2016 2017 2016
1 $424,100 $417,000 $636,150 $625,500
2 $543,000 $533,850 $814,500 $800,775
3 $656,350 $645,300 $984,525 $967,950
4 $815,650 $801,950  $1,223,475 $1,202,925

For super conforming mortgages secured by properties located in designated high-cost areas, we will purchase mortgages with original loan amounts up to the following limits:

Number of Units Maximum base conforming loan limits for properties NOT in Alaska, Hawaii, Guam & U.S. Virgin Islands Maximum base conforming loan limits for properties in Alaska, Hawaii, Guam & U.S. Virgin Islands
  2017 2016 2017 2016
1 $636,150 $625,500 $954,225 $938,250
2 $814,500 $800,775 $1,221,750 $1,201,150
3 $984,525 $967,950 $1,476,775 $1,451,925
4 $1,223,475 $1,202,925 $1,835,200 $1,804,375

We'll update the Single-Family Seller/Servicer Guide in December to reflect these 2017 loan limits.  

Originating Mortgages and Taking Out Contracts Before
January 1, 2017

  • We'll update Freddie Mac Loan Product AdvisorSM on December 2, 2016, so you may begin originating mortgages with the 2017 loan limits immediately. However, mortgages meeting the 2017 limits are not eligible for sale to Freddie Mac until on or after January 1, 2017.

  • The Freddie Mac Selling SystemSM will be updated on December 2, 2016, but please note the following:

    • If you plan to do a Best Efforts Cash execution, you should not take out a commitment until January 1, 2017, for loans originated with the 2017 loan limits, otherwise the loans will be assessed with the fees associated with 2016.

    • For Mandatory Cash and for Guarantor executions, you may take out a contract prior to January 1, but you must select a Freddie Mac settlement date in 2017.

Check the Loan Limits For Specific High-Cost Areas

As a reminder, actual loan limits for certain high-costs areas, as determined by FHFA, may be lower than the maximum original loan amounts identified above.

If you are originating super conforming mortgages, it is important you check the loan limits for the specific county where the property is located. The 2017 loan limits for high-cost areas are available on the FHFA website.

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