NEW: 2020 Conventional Loan Limit Increase! $510,400
2020 marks the 4th year in a row that the Federal Housing Finance Agency (FHFA) is raising the maximum conforming loan limit. The conventional loan limit will increase to $510,400, which is $26,050 higher than the 2019 conventional conforming loan limit of $484,350. Data from the FHFA shows that home prices have increased by 5.38% from Q3 of 2018 to Q3 of 2019 therefore, the maximum loan limit will increase by the same percentage. In the current market, it may seem that t