General Loan Limits for 2017
The general loan limits for 2017 have increased and apply to loans delivered to Fannie Mae in 2017 (even if originated prior to 1/1/2017). This is the first time the base loan limits have increased since 2006.
Maximum Original Principal Balance for 2017 (Conforming Limit)
Units Contiguous States, District of Columbia, and Puerto Rico Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $424,100 $636,150
2 $543,000 $814,500
3 $656,350 $984,525
4 $815,650 $1,223,475
Maximum Loan Limits for High-Cost Areas for Mortgages Acquired in Calendar Year 2017 (High Balance)
All but 87 counties (or county equivalents) will see a loan limit increase.
Units Contiguous States, District of Columbia+ Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $636,150 $954,225
2 $814,500 $1,221,750
3 $984,525 $1,476,775
4 $1,223,475 $1,835,200
+A number of other states and Puerto Rico do not have any high-cost areas in 2017.
Note that the loan limits apply based on the original loan amount, rather than the unpaid principal balance (UPB).