Loan Limits

 The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae, including general loan limits and the high-cost area loan limits. High-cost area loan limits vary by geographic location.

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General Loan Limits for 2014
The general loan limits for 2014 remain unchanged from 2013 (e.g., $417,000 for a 1-unit property in the continental U.S.).

Maximum Original Principal Balance for 2014

UnitsContiguous States, District of Columbia, and Puerto RicoAlaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $417,000 $625,500
2 $533,850 $800,775
3 $645,300 $967,950
4 $801,950 $1,202,925

*Maximum Loan Limits for High-Cost Areas for Mortgages Acquired in Calendar Year 2014

2014 high-cost area loan limits have increased for 18 counties due to a high-cost area adjustment or moving into a high-cost area.

*Amounts shown below are maximum limits allowed by the provisions of the Housing and Economic Recovery Act of 2008. The specific high-cost area loan limits are established for each county (or equivalent) by FHFA. Lenders are responsible for ensuring that the original loan amount of each mortgage loan does not exceed the applicable maximum loan limit for the specific area in which the property is located.

UnitsContiguous States, District of Columbia+Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $625,500 $938,250
2 $800,775 $1,201,150
3 $967,950 $1,451,925
4 $1,202,925 $1,804,375

+Puerto Rico and a number of other states do not have any high-cost areas in 2014.

Note that the loan limits apply based on the original loan amount, rather than the unpaid principal balance (UPB).