New Fannie/Freddie conforming loan limit for 2021
Due to higher cost home values in higher cost areas driving up prices. FNMA and FHLC have increased the conforming loan limit in high cost areas to 150% of the new conforming limit of $548,250.
In Hawaii, the new conforming limit is $822,375. This is a considerable increase that should help more borrowers get higher loan amounts on easier conventional terms.