Conforming and High Balance Conforming Loan Limits Are Now Available to Lock-In Through 2010   


by Keith Luedeman, CEO   


12/05/2009 - 2010 Conforming and High-Balance Loan Limits released.

The first mortgage conforming loan limit stays at $417,000 again for 2010.  It has been a few years since this has increased, and may not increase for a while with the drop in home values.  A loan below this amount and has underwriting criteria that 'conform' to Fannie Mae and Freddie Mac guidelines will get the best rates. 

The Housing and Economic Recovery Act of 2008 changed Fannie Mae's charter to expand the definition of a "conforming" loan. Effective with the November 2008 release of the conforming loan limits, two sets of limits are provided for first mortgages: 1) general conforming loan limits, and 2) high-cost area conforming loan limits.  President Obama signed into law a bill extending this loan limits through the end of 2010.

To implement the expansion to serve high-cost areas, Fannie Mae is introducing the high-balance loan feature and broadly integrating high-balance loans into standard conforming business.  However, rates are a bit higher for these "conforming jumbo loans," however they are much lower than non-conforming jumbo loans.

Maximum Original Principal Balance


Contiguous States, District of Columbia, and Puerto Rico
Conforming Loan Limit Permanent High-Cost
Loan Limit
Temporary High-Cost
Loan Limits
Single-Family  $417,000 $625,500 $729,500
Two-Family (duplex) $533,850 $800,775 $934,200
Three-Family (tri-plex) $645,300 $967,950 $1,129,250
Four-Family (quad-plex) $801,950 $1,202,925 $1,403,400

Fannie Mae, in support of the Economic Stimulus Act of 2008, has published a list of the geographic areas designated as high-cost, and the corresponding loan limits. can assist you if you own a home in any of the states we are licensed in.

Visit the EFANNIEMAE website below to determine if you are in a High-Cost Area:


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