Correspondent Lending 2020 Conforming Loan Limit Update—December 11, 2019
Re: 2020 Conforming Loan Limit Update
Date: December 11, 2019
AIG Correspondent Lending recognizes Fannie Mae’s 2020 loan limit updates for Conforming and High Balance loans. The new Conforming loan limit of $510,400 and the High Balance limit of $765,600 will be eligible for all rate locks received on or after January 1, 2020.
High Balance loans up to $765,600 must not exceed the Fannie Mae allowable maximum for the county in which the subject property is located, and must be supported by a DU Approve/Eligible AUS Report.
Please contact Shane Larscheid, Vice President of Sales with any questions related to this announcement.