The Federal Housing Finance Agency (FHFA) is an independent regulatory agency
that is not part of the Department of Housing and Urban Development
(HUD).
The FHFA was established by the Housing and Economic Recovery Act of 2008 (HERA)
and is responsible for the effective supervision, regulation, and housing
mission oversight of Fannie Mae, Freddie Mac (the Enterprises), Common
Securitization Solutions, LLC (CSS), and the Federal Home Loan Bank System,
which includes the 11 Federal Home Loan Banks (FHLBanks) and the Office of
Finance. Since 2008, FHFA has also served as conservator of Fannie Mae and
Freddie Mac.
Conforming Loan Limits are mortgage limits set annually (as required by HERA)
by the FHFA. In order for a mortgage loan to be eligible to be insured by
Freddie Mac or Fannie Mae, the loan amount must be less than the loan limit.
Mortgage exceeding the Conforming Loan Limit are referred to as
"non-conforming loans" or "jumbo loans." While most counties use a single set of Conforming Loan Limits based on the number of
units, high cost of living counties use higher Conforming Loan Limits. The
FHFA analyzes year-over-year change in average home prices in October of each
year using the Monthly Interest Rate Survey (MIRS) to adjust the Conforming
Loan Limits for the upcoming year.
Geospatial data in this feature service uses the Census 2010 County
geographies.
To learn more about about the FHFA, please visit:https://www.fhfa.gov/AboutUs
For more information about FHFA Conforming Loan Limits, please visit:https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
Date of Coverage: 2022
Data Dictionary:DD_FHFA Conforming Loan Limits
Creator:
United States. Department of Housing and Urban Development
HUD and the dataset and metadata authors assume no responsibility for the use or misuse of the dataset. No warranty, expressed or implied is made with regard to the accuracy of the spatial accuracy, and no liability is assumed by the U.S. Government in general, the dataset creators or the U.S. Department of Housing and Urban Development specifically, as to the spatial or attribute accuracy of the data.