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The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac will acquire in 2026. In most of the United States, the 2026 CLL value for one-unit properties will be $832,750, an increase of $26,250 from 2025. Forty-one counties in California will have the new $832,750 loan limit. Ten California counties are at a new high ceiling loan limit of $1,249,125. Those counties are Alameda, Contra Costa, Los Angeles, Marin, Orange, San Benito, San Francisco, San Mateo, Santa Clara and Santa Cruz. Seven other counties fall somewhere in between the low and high loan limits. Those counties are Monterey ($994,750), Napa ($1,017,750), San Diego ($1,104,000), San Luis Obispo ($1,000,500), Santa Barbara ($941,850), Sonoma ($897,000) and Ventura ($1,035,000).
According to the nominal, seasonally adjusted, expanded-data FHFA HPI, house prices increased 3.26 percent, on average, between the third quarters of 2024 and 2025. Therefore, the baseline CLL in 2026 will increase by the same percentage. However, for areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit value, the applicable loan limit is higher than the baseline loan limit. The high-cost area limit in those areas as a multiple of the area median home value, while setting the ceiling at 150 percent of the baseline limit. Median home values generally increased in high-cost areas in 2025, which increased their CLL values. The new ceiling loan limit for one-unit properties will be $1,249,125, which is 150 percent of $832,750. A full list of the counties and limits for multi-family can be found at: https://www.fhfa.gov/news/news-release/fhfa-announces-conforming-loan-limit-values-for-2026. Comments are closed.
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