2012 conforming loan limits have been announced by the Federal Housing Finance Agency (FHFA) for mortgages owned by Fannie Mae and Freddie Mac.

Conforming loan limits are the maximum loan sizes that Fannie Mae or Freddie Mac will purchase and or guarantee. Mortgages that exceed the conforming loan limit are called jumbo loans / mortgages and usually have a higher rate associated with them compared to conforming loans.

If you live in a high cost area, you can view high cost loan limits here.

2012 Conforming Loan Limits:

• 1-unit properties : $417,000
• 2-unit properties : $533,850
• 3-unit properties : $645,300
• 4-unit properties : $801,950

How Does This Affect Me and My Mortgage?

Not sure if you live in a high cost area or if your conforming loan might be affected by these changes should you refinance? We can not only help you understand what the 2012 conforming loan limits mean to you but can also help you answer any other questions you might have about your current or future mortgage. More importantly, mortgage rates are close to all time record lows, so we can also help you decide if locking in a rate is the best move for your needs.