source:
  type: guide
  id: fnma-sel-b2-1.5-01
  authority: Fannie Mae Selling Guide B2-1.5-01 — Loan Limits
  description: Fannie Mae Selling Guide B2-1.5-01 — Loan Limits.
  coverage_tier: operative
obligations:
- id: fnma-sel-b2-1.5-01-full
  canonical_id: fnma-sel-b2-1.5-01-full
  section: Fannie Mae Selling Guide B2-1.5-01 — Loan Limits
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B2-1.5-01 — Loan Limits
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B2-1.5-01, Loan Limits (02/02/2022) Introduction This topic
      contains information on loan limits, including: Overview Loan Limits Deﬁned
      Loan Limits and Modiﬁed Loans Overview Fannie Mae can only purchase loans up
      to a certain dollar amount. This dollar amount is known as the conforming loan
      limit. Fannie Mae’s loan limits are imposed under its federal charter as amended
      by law. The loan limits apply to all conventional loans delivered to Fannie
      Mae for whole loan purchase or MBS pool issuance and are based on the original
      loan amount of the loan (irrespective of the origination date). The limits are
      subject to change annually and vary, depending upon the number of units in the
      property and the property’s location. The conforming loan limits are posted
      on Fannie Mae''s website. Lenders are responsible for ensuring that the original
      loan amount of each loan does not exceed the applicable maximum loan limit for
      the speciﬁc area in which the property is located at the time the loan is delivered
      to Fannie Mae. Loan Limits Deﬁned Fannie Mae’s ﬁrst mortgage loan limits are
      deﬁned in terms of baseline (also known as "general") loan limits and high-cost
      area loan limits: The baseline limits apply to the majority of the loans that
      Fannie Mae purchases. The high-cost area loan limits apply to loans secured
      by properties in designated high-cost areas, as determined by Fannie Mae’s regulator.
      The high-cost area loan limits vary across the country. High-balance loans are
      subject to the high-cost area loan limits. Fannie Mae’s eligibility and delivery
      requirements may vary for high-balance loans. See Chapter B5-1, High-Balance
      Mortgage Loans for additional information. If the loan is a ﬁrst lien securing
      an ownership interest in a co-op corporation, the amount of the ﬁrst lien and
      prorated share of the co-op corporation blanket mortgage cannot exceed Fannie
      Mae’s loan limits. Fannie Mae has no minimum original loan amount requirement
      for either whole loans or MBS loans. Loan Limits and Modiﬁed Loans Published
      May 6, 2026 207 Loan limits for modiﬁed loans are based on the original loan
      amount of the loan and not on the unpaid principal balance of the loan at the
      time of modiﬁcation or acquisition by Fannie Mae. A modiﬁed loan with an original
      loan amount exceeding the current loan limit is not eligible for purchase by
      Fannie Mae, even though the balance at the time of the modiﬁcation may be at
      or below the current applicable loan limit. Recent Related Announcements The
      table below provides references to recently issued Announcements that are related
      to this topic. Announcements Issue Date Announcement SEL-2022-01 February 02,
      2022 Announcement SEL-2019-01 February 06, 2019'
  judgment: false
