FHFA: Conforming Loan Limit

Fannie Mae and Freddie Mac are restricted by law to purchasing
single-family mortgages with origination balances below a specific
amount, known as the “conforming loan limit” (CLL) value. Loans above
this amount are known as jumbo loans.The national conforming loan
limit value for mortgages that finance single-family one-unit
properties increased from $33,000 in the early 1970s to $417,000 for
2006-2008, with limit values 50 percent higher for four
statutorily-designated high cost areas: Alaska, Hawaii, Guam, and the
U.S. Virgin Islands. Since 2008, various legislative acts increased the
conforming loan limit values in certain high-cost areas in the United
States. While some of the legislative initiatives established temporary
limit values for loans originated in select time periods, a permanent
formula was established under the Housing and Economic Recovery Act of
2008 (HERA). The 2025 c​onforming loan limit values have been set under
the HERA formula. See the latest Conforming Loan Limit values news release here.<br><br>***For 2007<br>Microdata: No<br>Level of Analysis: Local - County, CBSA, FIPS; States<br>Variables Present: Yes<br>File Layout: N/A<br>Codebook: N/A<br>Methods: No<br>Weights (with appropriate documentation): N/A<br>Publications: Yes<br>Aggregate Data: Yes<br><br>***For 2008<br>Microdata: Yes<br>Level of Analysis: Local - CBSA, zip, tract, metro, nonmetro; state; nation<br>Variables Present: Yes<br>File Layout: .pdf<br>Codebook: No<br>Methods: Yes<br>Weights (with appropriate documentation): N/A<br>Publications: Yes<br>Aggregate Data: Yes<br><br>***For 2009-2017<br>Microdata: No<br>Level of Analysis: Local - CBSA, zip, tract, metro, nonmetro; state; nation<br>Variables Present: Yes<br>File Layout: .xlsx<br>Codebook: No<br>Methods: No<br>Weights (with appropriate documentation): N/A<br>Publications: No<br>Aggregate Data: No<br><br>***For 2018-2025<br>Microdata: No<br>Level of Analysis: Local - CBSA, zip, tract, metro, nonmetro; state; nation<br>Variables Present: Yes<br>File Layout: .xlsx<br>Codebook: No<br>Methods: Yes - pdf<br>Weights (with appropriate documentation): N/A<br>Publications: Yes<br>Aggregate Data: Yes