Correspondent Lending 2021 Conforming Loan Limit Update—December 15, 2020
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.