FHFA made it official- new conforming loan limit for 1-unit properties is $647,200.
The new ceiling for High Cost is $970,800 (areas like Alaska, Hawaii, Guam & US Virgin Islands)
FHA will calculate the low-cost mortgage limit at 65%t- $420,680 while High-cost area mortgage limits are set at 150%- $631,020.
*usually announced in December & in effect for case numbers assigned on or after January 1st.
Click HERE for the interactive map to see conforming loan limit ranges by county.