2020 Conforming Loan Limit Increased to $510,400

The Federal Housing Finance Agency recently announced that the maximum conforming home loan limit for mortgages acquired by Fannie Mae in 2020 will be $510,400 in the Atlanta area. The loan limit is adjusted each year based on changes in average home prices, which rose 5.38% between 2018 and 2019. Home mortgage loans in amounts higher than the conforming loan limit are subject to higher mortgage interest rates.

 Buying a new Georgia home in 2020? Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net to discuss our low home mortgage interest rates.