2021 Conforming Loan Limits

2020-12-03 17:08

Programs: Fannie Mae, Freddie Mac, FHA

Reference: Federal Housing Finance Agency (FHFA) News Release Maximum Conforming Loan Limits for 2021.

Effective immediately, CMAC Lending will begin supporting the increased conforming loan limits that Fannie Mae and Freddie Mac announced on Tuesday November 24, 2020. The 2021 maximum standard loan limits have increased to $548,250 for loans delivered on or after January 1, 2021. High-Cost areas have been updated to a maximum ceiling of $822,375*. The 2021 limits can be accessed at the following link: 2021 Conforming Loan Limits.

  • New registrations and pipeline loans will be permitted to close at the increased limits. Pipeline loans will need to be re-underwritten if previously approved. See below regarding DU/LPA.

  • DU update will take place on December 12, 2020 and LPA will be updated by December 13, 2020. You will receive messaging regarding ineligibility for loan size if using the new limits. Underwriting will be able to approve these loans provided the ineligible reason is only for loan amount and the loan amount is within the new limits.

  • Loan Product Advisor® will be updated by December 13, 2020. Registration and rate locks on or after that date will be underwritten with the 2021 loan limits.

New loan registrations and rate locks for conventional loans will be accepted under the FHFA 2021 loan limits, starting December 12, 2020 and onwards. Loans with an existing rate lock under a conventional conforming or high balance loan program can be increased up to the new 2021 loan limits.
Please note that loan limit changes are for conforming loans only. Changes to FHA, VA and USDA loan limits are typically announced at a later date and have different requirements regarding registration and/or closing under any new limits announced. A separate announcement regarding changes to FHA, VA and USDA limits will follow once official updates are made.

*As a reminder, actual loan limits for certain high-cost areas, as determined by FHFA, may be lower than the maximum high-cost area limit. When originating High-Balance or Super Conforming mortgages, you must check the loan limits for the specific county where the property is located.


Please contact your CMAC Lending AE sales representative or [email protected] with any questions.