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Loan Limit Increase in 2017, First Time in 10 Years!

Travis Bell

With a business degree in Management Information Systems, Travis previously worked as an executive with Accenture, a fortune 500 company...

With a business degree in Management Information Systems, Travis previously worked as an executive with Accenture, a fortune 500 company...

Sep 11 2 minutes read

According to the Federal Housing Finance Agency (FHFA.gov), the conforming loan limit is increasing from $417,000 to $424,100 for most counties!  A conforming loan has many different factors, and they are defined by Fannie Mae and Freddie Mac.  These are down payment, loan to value ratio, debt to income ratio, etc.  The most well know is the loan limit.  What does this mean for you?  Well, loan amounts above the conforming limits have historically had higher interest rates.  SO, this could save you money, and could increase the price range of your next home (or your next refinance).  Here is the history of the conforming loan limits:

YearLoan LimitHigh Cost Areas
2017$424,100?
2006$ 417,000$ 625,500
2005$ 359,650$ 539,475
2004$ 333,700$ 500,550
2003$ 322,700$ 484,050
2002$ 300,700$ 451,050
2001$ 275,000$ 412,500
2000$ 252,700$ 379,050
1999$ 240,000$ 360,000
1998$ 227,150$ 340,725
1997$ 214,600$ 321,900
1996$ 207,000$ 310,500
1995$ 203,150$ 304,725
1992$ 202,300$ 303,450
1991$ 191,250$ 286,875
1990$ 187,450$ 281,175
1989$ 187,600$ 281,400
1988$ 168,700$ 253,050
1987$ 153,100$ 229,650
1986$ 133,250$ 199,875
1985$ 115,300$ 172,950
1984$ 114,000$ 171,000
1983$ 108,300$ 162,450
1982$ 107,000$ 160,500
1981$ 98,500$ 147,750
1980$ 93,750$ 140,625


ALL Florida counties have increased to at least $424,100!

To see what your county limits are, follow this link.


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