Big News! Fannie and Freddie Will Increase Loan Limits!
The GSE's Fannie Mae and Freddie Mac will be able to purchase loans for single family homes valued up to $453,100!
This new conforming loan limit restricts the government back agencies amount they may finance. So the limit, which has been $424,100 this year will go up to $453,100 for 2018 according to regulators at the Federal Housing Finance Agency.
This could also bode well for higher cost counties but those limits have yet to be released.