FHFA Sets Conforming Loan Limit for 2025
November 26, 2024
The Federal Housing Finance Agency (FHFA) increased the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises) to $806,500 in 2025.
This is a 5.2% increase from 2024. The FHFA raised the CCL to align with similar increases in home prices.
High-cost Areas
For areas in which 115% of the local median home value exceeds the baseline conforming loan limit value, the applicable loan limit will be higher than the baseline loan limit. HERA establishes the high-cost area limit in those areas as a multiple of the area median home value, while setting the ceiling at 150% of the baseline limit. Median home values generally increased in high-cost areas in 2024, which increased their CLL values. The new ceiling loan limit for one-unit properties will be $1,209,750, which is 150% of $806,500.
Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. In these areas, the baseline loan limits will be $1,209,750 for one-unit properties. Due to rising home values, the CLL values will be higher in all but six U.S. counties or county equivalents.
Other Resources
- List of 2025 conforming loan limits for all counties and county-equivalent areas in the United States.
- A map showing the 2025 conforming loan limits across the United States.
- Detailed addendum of the methodology used to determine the conforming loan limits.
- List of FAQs that covers broader topics that may be related to CLL values.
- Questions about the 2025 CLL values may be addressed to [email protected].
- For more information, visit https://www.fhfa.gov/CLL.
Contact ALTA at 202-296-3671 or [email protected].