Rate reports that it is increasing in its conforming loan limit to $819,000 for select loan products across the contiguous 48 states ahead of the Federal Housing Finance Administrations’s (FHFA) annual update.
The maximum loan amount for properties in Alaska and Hawaii has been raised to $1,228,500.
This proactive adjustment allows more borrowers to qualify for conforming loans, which typically offer more competitive rates and simpler requirements compared to high-balance or jumbo loans, Rate says in a release.
By updating limits early, Rate is helping homebuyers and homeowners access affordable financing options in today’s competitive housing environment.
“By proactively raising our conforming loan limits ahead of the FHFA’s annual update, we’re ensuring borrowers have access to some of the most competitive financing solutions exactly when they need them,” says Jeremy Collett, chief capital markets officer at Rate. “This early action not only supports homebuyers in a dynamic market—it also empowers our loan officers with the tools and pricing advantages they need to win and serve clients more effectively.”