Happy holidays, everyone! I hope you’re doing well. I wanted to share a bit of good news. The Federal Housing Finance Agency (FHFA) just announced the new conforming loan limits for 2026, and they’re going up about 3.5%, increasing by $26,250 to a new limit of $832,750.
So what does that mean for you? With these new limits, you can now buy a home priced up to $875,000 with just 5% down and still have a standard conforming Fannie Mae or Freddie Mac loan. Or, if you’re purchasing at the higher end, you could buy up to $1,040,000 with 20% down and still stay within conforming loan territory.
To put things in perspective, back in 2016, the conforming limit was just $417,000. In less than ten years, that number has doubled. It’s a clear reflection of how much home values have climbed.
On top of that, rates have dipped a bit lately, now hovering in the low 6% range, so if your rate is higher or you’ve been thinking about pulling some cash out, it might be a great time to revisit refinancing.
As always, I’m happy to chat if you have questions or want to run through your options. Have a fantastic holiday season, and we’ll talk soon!
