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Week of Jan. 12th- Higher loan limits for 2020 are now in effect

January 12, 2020

With the calendar now officially flipped to 2020, Fannie MaeFreddie Mac, and the Federal Housing Administration are now backing larger mortgages than they were just a few days ago.

That’s because the 2020 loan limits for each of those agencies are now in effect. And each of the agencies’ loan limits are higher for 2020 than they were in 2019.

The agencies’ loan limits (the highest dollar amount they will back on a mortgage) are dictated by the Federal Housing Finance Agency’s home price index.  Read more.

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