More Loans will Be Conforming in 2018

First Meridian Mortgage is pleased to announce that we are accepting the new limits announced by the FHFA for 2018 as of right now.  In the United States the 2018 maximum conforming loan limit for one-unit properties will be $453,100 – an increase from $424,100 in 2017.  This is a 6.8 percent increase from the previous year.  Also if you are in a high price index (HPI) area the allowance of 150% of the base limit is allowed. This will raise the High Balance Loan Limit to $679,650 for 2018. These are the loan amounts that Freddie Mac and Fannie Mae are allowed to purchase making up the largest portion of mortgage loans originated in Virginia, Maryland and Washington DC.

The net result of the loan amount changes will be that more clients will be eligible for conforming loan pricing, and more will be eligible for high balance conforming. Fewer clients will have to do a jumbo loan. This is a substantial increase versus the previous year increase. Please keep in mind that the loan limits have increased the last two years and do not always increase.  They have gone down before in the past.

This will allow some that are close to the Conforming loan amount at $453,100 or close to the High Balance Conforming loan amount at $679,650 to do a no closing cost refinance and save money by moving from a higher cost loan into a lower cost loan.

To view the county limit in your area Click here.

FHA and VA Loan Limits for Virginia Click Here.

FHA and VA Loan Limits for Maryland Click Here.

FHA and VA Loan Limits for Washington DC are $453,100 and $679,650.

If you have any question please contact Kevin Retcher at 703-799-5626, or email at

To apply for a loan Click here, or to check on live rates click here.


Rates as of 12/14/2017 and subject to change.VA MC-928 | MD4272 | DCMLB3295 | KEVINS RETCHER 116922

Notice; Information about the author: Kevin Retcher is the Owner of First Meridian Mortgage since 1996 and can be reached at 703-799-5636, His opinions are his and his alone, and not to be taken as legal advice. Always consult with a licensed professional. Also excuse grammar and spelling, I work with math for a living. © First Meridian Mortgage Corporation. NMLS# 180004, ©KSA Insurance agency, License NPN 8036794 VA License, Rates are subject to change without notice. Kevin Retcher is a licensed Realtor with Jobin Realty , Springfield Virginia, 703-642-8500