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.