| Fannie Mae Loan Limit History
The Emergency Home Finance Act of 1970 allowed Fannie Mae to purchase conventional loans and established a conforming loan limit of $33,000. Congress raised the limit in 1977 and again in 1979. The Housing and Community Development Act of 1980 increased the ceiling to $93,750 and indexed future annual increases to changes in average house prices. This Act also broadened the conforming loan limit concept to apply to mortgages that finance 2, 3 and 4 unit properties.
Effective July 1, 2008 Fannie Mae was given temporary authorization to purchase mortgages above the ceilings that were in effect. These new loan limits were to be in effect until December 31, 2008. The size of the temporary increase varied from region to region. Limits based on geographic locations were extended into 2011 however, they were stepped down effective October 1, 2011 but to a level still above the conforming loan limit.
The limits shown here apply to downstate New York.
| Year |
1 Family |
2 Family |
3 Family |
4 Family |
| 1970 |
$33,000 |
NA |
NA |
NA |
| 1977 |
$60,000 |
NA |
NA |
NA |
| 1979 |
$67,500 |
NA |
NA |
NA |
| 1980 |
$93,750 |
$120,000 |
$145,000 |
$180,000 |
| 1981 |
$98,500 |
$126,000 |
$152,250 |
$189,250 |
| 1982 |
$107,000 |
$136,900 |
$165,400 |
$206,000 |
| 1983 |
$108,300 |
$138,550 |
$167,400 |
$208,100 |
| 1984 |
$114,000 |
$145,850 |
$176,200 |
$219,000 |
| 1985 |
$115,300 |
$147,500 |
$178,200 |
$221,500 |
| 1986 |
$133,250 |
$170,450 |
$205,950 |
$256,000 |
| 1987 |
$153,100 |
$195,850 |
$236,650 |
$294,150 |
| 1988 |
$168,700 |
$215,800 |
$260,800 |
$324,150 |
| 1989 |
$187,600 |
$239,950 |
$290,000 |
$360,450 |
| 1990 |
$187,450 |
$239,750 |
$289,750 |
$360,150 |
| 1991 |
$191,250 |
$244,650 |
$295,650 |
$367,500 |
| 1992 |
$202,300 |
$258,800 |
$312,800 |
$388,800 |
| 1993 |
$203,150 |
$259,850 |
$314,100 |
$390,400 |
| 1994 |
$203,150 |
$259,850 |
$314,100 |
$390,400 |
| 1995 |
$203,150 |
$259,850 |
$314,100 |
$390,400 |
| 1996 |
$207,000 |
$264,750 |
$320,050 |
$397,800 |
| 1997 |
$214,600 |
$274,550 |
$331,850 |
$412,450 |
| 1998 |
$227,150 |
$290,650 |
$351,300 |
$436,600 |
| 1999 |
$240,000 |
$307,100 |
$371,200 |
$461,350 |
| 2000 |
$252,700 |
$323,400 |
$390,900 |
$485,800 |
| 2001 |
$275,000 |
$351,950 |
$425,400 |
$528,700 |
| 2002 |
$300,700 |
$384,900 |
$465,200 |
$578,150 |
| 2003 |
$322,700 |
$413,100 |
$499,300 |
$620,500 |
| 2004 |
$333,700 |
$427,150 |
$516,300 |
$641,650 |
| 2005 |
$359,650 |
$460,400 |
$556,500 |
$691,600 |
| 2006 |
$417,000 |
$533,850 |
$645,300 |
$801,950 |
| 2007 |
$417,000 |
$533,850 |
$645,300 |
$801,950 |
| 2008 |
$417,000 |
$533,850 |
$645,300 |
$801,950 |
| 7/1/2008 |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
| 2009 |
$625,500 |
$800,775 |
$967,950 |
$1,202,925 |
| 3/1/2009 |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
| 2010 |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
| 2011 |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
| 10/1/2011 |
$625,500 |
$800,775 |
$967,950 |
$1,202,925 |
For additional information please visit Fannie Mae or their supervisory agency, the Federal Housing Finance Agency (FHFA) |