FHFA raises conforming loan limit to $832,750
The Federal Housing Finance Agency announced it is increasing the baseline conforming loan limit for single-family mortgages to $832,750, raising the maximum size of most loans that Fannie Mae and Freddie Mac can back. The change applies in the Twin Cities’ seven-county metro in the upcoming loan-limit year, meaning more buyers can use conforming financing instead of higher-cost jumbo loans; higher limits may apply in designated high-cost areas elsewhere.
📌 Key Facts
- New baseline conforming loan limit set at $832,750 for single-family homes
- Action by the Federal Housing Finance Agency (FHFA) affecting Fannie Mae and Freddie Mac purchases
- Applies across the Twin Cities metro beginning with the next loan-limit year
📊 Relevant Data
The FHFA increased the baseline conforming loan limit to $832,750 for 2026 from $806,500 in 2025, a 3.26% rise corresponding to the increase in the FHFA House Price Index between the third quarters of 2024 and 2025.
FHFA increases 2026 CLL values, issues Q3 House Price Index — American Bankers Association Banking Journal
As of Q2 2025, the homeownership rate in the US is 74.0% for non-Hispanic White households, 43.9% for Black Alone households, 48.8% for Hispanic (of any race) households, and 62.1% for Asian, Native Hawaiian and Pacific Islander Alone households.
Data Inquiries Media Inquiries — U.S. Census Bureau
In 2024, the mortgage denial rate for Black applicants in the US was 19.00%, compared to 11.27% for all applicants.
Black Buyers More Likely to Be Denied Mortgage — LendingTree
The median home price in the Twin Cities metro area was $390,000 in September 2025, reflecting a 2.6% increase from the previous year.
September 2025 Housing Market Report — Minnesota Realtors