Fannie Mae and Freddie Mac Baseline Limit Will Increase in 2018

Because of rising home prices, Fannie Mae and Freddie Mac have increased their loan limits in 2018.

  • Conforming loan for one-unit property in 2018 will be $453,100
  • Conforming loan for one-unit property in 2018 in higher priced counties will be higher, for example for San Mateo county it will be $679,650

FHFA Announcement – Loan Limits in 2018

Loan Limits by County in 2018


We can close some purchases in 7 days


“Late last week, Freddie Mac announced it would be extending its appraisal-free mortgage program to purchase loans starting September 1, 2017. Fannie Mae’s announcement quickly followed, offering its product effective immediately.”

Waiting for a full appraisal definitely slows the loan process down. But thanks to these new developments, we can close certain purchase loans in 7 days!
Criteria include that the property is owner-occupied and single family residence, and that the loan be less than 80% loan to value (LTV).
A fast closing is definitely an advantage when putting in an offer. Contact one our Loan Officers to see if you would qualify for such a lightening fast purchase loan.

New Fannie Mae Debt Guidelines


New Fannie Mae guidelines will potentially help those with high debt. As long as the borrower’s debt to income ratio (DTI) isn’t above 50% and they have other positive factors, they could be approved for an affordable Fannie Mae mortgage.

“But here’s some good news: The country’s largest source of mortgage money, Fannie Mae, soon plans to ease its debt-to-income (DTI) requirements, potentially opening the door to home-purchase mortgages for large numbers of new buyers. Fannie will be raising its DTI ceiling from the current 45 percent to 50 percent as of July 29.”