2021 Conforming County Loan Limits

The Federal Housing Financing Agency (FHFA) recently updated the conforming loan amount limits for all counties in the United States. The new max loan amount for standard conforming loans is now $548,250 and the max loan amount for High Balance/High Cost areas is now $822,375.

LoanStream will start accepting the updated loan amount and locks beginning 12/1/2020, with an Accept or Approve Ineligible AUS decision, as long as it is Ineligible for loan amount only. See below table:

Standard Conforming:

Units	Contiguous States & District of Columbia	Alaska, Hawaii
1	$548,250	$822,375
2	$702,000	$1,053,000
3	$848,500	$1,272,750
4	$1,054,500	$1,581,750

High-Cost Areas:

Units	Contiguous States & District of Columbia	Alaska, Hawaii
1	$822,375	Not Applicable
2	$1,053,00	Not Applicable
3	$1,272,750	Not Applicable
4	$1,581,750	Not Applicable

Notes:

For DU: The 2021 loan limits will be applied to Desktop Underwriter (DU®) Version 10.3 loan casefiles submitted (or resubmitted) on or after the weekend of Dec. 12, 2020. Casefiles submitted through DU prior to Dec. 12 that receive an Ineligible recommendation due only to exceeding the 2020 loan limit may be closed after Jan. 1, 2021 if the Approve/Ineligible is only due to loan amount. The loan casefile does not have to be resubmitted to DU if the loan amount complies with the applicable 2021 loan limit.
For LP: LP must be resubmitted after Dec. 12 and receive an Eligible rating.
Loans with higher loan limits cannot close until Jan. 1, 2021.
Locks can be taken on or after Dec. 1, 2020 as long as the lock is long enough to cover closing on or after Jan. 1, 2021 and any days needed to fund thereafter.
FHA/VA county loan limits have not yet been released.

Please inquire with your manager should you have any questions.

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