A History of Conforming (Fannie/Freddie) Loan Limits

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A History of "Conforming" (FNMA/FHLMC) Loan Limits

Every year, new loan limits are announced for mortgage loans which may be purchased by the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac). Fannie and Freddie are the two largest "secondary market" agencies -- corporations which purchase closed loans from mortgage lenders.

The last column refers to the loan amount column (abbreviated MAX AMT) which appears in HSH's consumer and professional reports on the mortgage market.

Click here for the current year and further explanation.

Year	One Family ($)	Two Family ($)	Three Family ($)	Four Family ($)	As Listed In HSH Reports
2009	417,000	533,850	645,300	801,950	417
2008	417,000	533,850	645,300	801,950	417
2007	417,000	533,850	645,300	801,950	417
2006	417,000	533,850	645,300	801,950	417
2005	359,650	460,400	556,500	691,600	359
2004	333,700	427,150	516,300	641,650	333
2003	322,700	413,100	499,300	620,500	322
2002	300,700	384,900	465,200	578,150	300
2001	275,000	351,950	425,400	528,700	275
2000	252,700	323,400	390,900	485,800	252
1999	240,000	307,100	371,200	461,350	240
1998	227,150	290,650	351,300	436,600	227
1997	214,600	274,550	331,850	412,450	214
1996	207,000	264,750	320,050	397,800	207
1995	203,150	259,850	314,100	390,400	203
1994	203,150	259,850	314,100	390,400	203
1993	203,150	259,850	314,100	390,400	203
1992	202,300	258,800	312,800	388,800	202
1991	191,250	244,650	295,650	367,500	191
1990	187,450	239,750	289,750	360,150	187
1989	187,600	239,950	290,000	360,450	187
1988	168,700	215,800	260,800	324,150	168
1987	153,100				153
1986	133,250				133
1985	115,300				115
1984	114,000				114
1983	108,300				108
1982	107,000	136,800	165,100	205,300	107
1981	98,500	126,000	152,000	189,000	98
1980	93,750				93

Note: Maximum loan amounts are 50% higher in Alaska and Hawaii.

Source: FNMA, FHLMC