AC-025 Revised Conventional Loan Limits
REVISION of Increased Conventional Conforming Loan Limits (Fannie Mae and Freddie Mac)
Effective immediately, FLCBank is revising the increased conventional conforming loan limits for 1-4 Unit Properties as follows:
| Units | Previous Increased Loan Limit | New Loan Limit |
| 1 | $715,000 | $700,000 |
| 2 | $916,000 | $895,000 |
| 3 | $1,107,000 | $1,080,000 |
| 4 | $1,376,000 | $1,345,000 |
| Note: Loans that require PMI must be insured under the increased loan limit | ||
The parameters for eligibility to the Increased Conventional Conforming Loan Limits:
- Effective today Friday October 7, 2022
- The DU Approve/Ineligible or LPA Accept/Ineligible findings will be acceptable when the ineligible result is because of “loan limits” only
- Appraisal Waivers will be permitted with AUS Approve/Eligible. Loans with AUS Approve/Ineligible (ineligible for loan limits only) are not eligible for the appraisal waiver to be exercised