Bulletin 2024-078 2025 Conforming Loan Limits
Newrez LLC "Newrez" Approved Correspondent Clients; The Federal Housing Finance Agency (FHFA) has announced the 2025 conforming and high-cost loan limits.
The following table contains the baseline (also known as “general”) loan limits for 2025.
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2025 Baseline Loan Limits |
||
|
Units |
Contiguous States, District of Columbia, and Puerto Rico |
Alaska, Guam, Hawaii, and U.S. Virgin Islands |
|
1 |
$806,500 |
$1,209,750 |
|
2 |
$1,032,650 |
$1,548,975 |
|
3 |
$1,248,150 |
$1,872,225 |
|
4 |
$1,551,250 |
$2,326,875 |
|
2025 High-Cost Area Loan Limits* |
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|
Units |
Contiguous States, District of Columbia, and Puerto Rico |
Alaska, Guam, Hawaii, and U.S. Virgin Islands |
|
1 |
$1,209,750 |
Not Applicable |
|
2 |
$1,548,975 |
|
|
3 |
$1,872,225 |
|
|
4 |
$2,326,875 |
|
* Several states (including Alaska and Hawaii), Guam, Puerto Rico, and the U.S. Virgin Islands do not have any high-cost areas in 2025.
As a reminder, actual loan limits for certain high-cost areas, as determined by FHFA, may be lower than the maximum high-cost area limit. When originating High-Balance or Super Conforming mortgages, you must check the loan limits for the specific county where the property is located. There are no high-cost areas in Alaska and Hawaii.
Please note that the loan limit changes are for conforming loans only. Changes to FHA, VA and USDA loan limits will be announced in a separate communication.
Fannie Mae’s Desktop Underwriter
The 2025 loan limits will be applied to Desktop Underwriter (DU) loan submitted (or resubmitted) on or after the weekend of December 7, 2024. Loans that are underwritten through DU prior to December 7, that receive an Ineligible recommendation due only to exceeding the 2024 loan limit are allowed. The loan does not have to be resubmitted to DU if the loan amount complies with the applicable 2025 conforming loan limit. However, you may want to resubmit after the new loan limits are implemented in DU to potentially obtain more streamlined collateral valuation options.
Freddie Mac Loan Product Advisor
The 2025 loan limits will be applied to Loan Product Advisor (LPA) loan submitted (or resubmitted) on or after December 8, 2024. Loans that are underwritten through LPA prior to December 8 that receive an Ineligible recommendation due only to exceeding the 2024 loan limit are allowed. The loan does not have to be resubmitted to LPA if the loan amount complies with the applicable 2025 conforming loan limit. However, you may want to resubmit after the new loan limits are implemented in LPA to potentially obtain more streamlined collateral valuation options.
Effective Date
Effective Immediately
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