More Buying Power for Homebuyers in 2025: Conforming Loan Limits Raised to $806,500!
Big news for homebuyers—your purchasing power just got a boost! The Federal Housing Finance Agency (FHFA) has announced an increase in the conforming loan limit for single-family homes to $806,500 for 2025, up 5.2% from 2024’s limit of $766,550. This means you can now qualify for larger loans with smaller down payments, giving you more flexibility and options in the housing market.
Unlock Greater Purchasing Power
The higher loan limits allow you to make stronger offers without jumping into jumbo loan territory, which often comes with stricter requirements and higher interest rates. Here’s what this means for your buying potential:
With 3% Down:
- In 2024, a 3% down payment allowed offers up to $790,206.
- In 2025, buyers can now offer up to $831,443—an increase of over $41,000!
With 5% Down:
- In 2024, a 5% down payment enabled offers up to $806,368.
- In 2025, buyers can make offers up to $849,000—an increase of nearly $43,000!
This expanded buying power helps you stay competitive in a market where rising home prices and limited inventory can make securing the right home a challenge.
Why This Matters
With elevated mortgage rates and ongoing housing shortages, the increased conforming loan limit provides a welcome opportunity to purchase homes that may have been out of reach last year. Whether you’re a first-time buyer or upgrading to your next home, the new limits offer more room to find a property that fits your needs and lifestyle.
Fairway Is Already Honoring These Limits
At Fairway Independent Mortgage Corporation, we’re excited to offer this increased buying power to our clients right now. You don’t have to wait until January 1—our team is here to help you take advantage of these new limits today, making your home-buying journey smoother and more accessible.
Let’s make 2025 the year you find your dream home! Contact us to learn more about your options and get started on your path to homeownership.
