Conforming vs. High-Balance

In November of 2020, the Federal Housing Finance Agency (FHFA) confirmed the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021. In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250, an increase from $510,400 in 2020. So the current conforming loan limit is $548,250.

High-Balance, anything above conforming and below Jumbo
For areas in which 115 percent of the local median home value exceeds the baseline CLL, the maximum loan limit will be higher than the baseline loan limit. The new ceiling loan limit for one-unit properties in most high-cost areas will be $822,375 — or 150 percent of $548,250. Depending on the county, Though the base conforming limit is $548,250, the high-balance limit can be anything from the conforming limit to the maximum limit. A current guideline for up to 4 units is listed below.

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