AIG Correspondent Lending recognizes Fannie Mae’s 2021 loan limit updates for Conforming and High Balance loans. The new Conforming loan limit of $548,250 and the High Balance limit of $822,375 will be eligible for all rate locks received on or after January 1, 2021.
High Balance loans up to $822,375 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. New loan limits are eligible for loans purchased on or after January 1, 2021.
As a result of the new loan limits, the updated minimum Jumbo Mortgage Loan amount will change to $548,251.
Please contact Shane Larscheid, Vice President of Sales with any questions related to this announcement.