December 2, 2016
CA 2016-07: Conforming Loan Limits Increase
On November 23, 2016, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac conforming loan limits will increase effective for loans delivered on or after January 1, 2017. United Guaranty will support the new loan limits.
Effective immediately, United Guaranty's maximim loan amounts will increase as follows:
- Wherever our current maximum loan amount is $417,000 it will increase to $424,100.
- Wherever our current maximum loan amount is $625,500 it will increase to $636,150.
- All other maximum loan amounts will remain the same.
We will update our Guides and supporting documents in early January. All underwriting requirement edits impacting the MI rate quote and application systems will be updated on Saturday, December 10th. United Guaranty is in the process of updating rate filings in response to the FHFA loan limit changes, as announced, and their implementation in pricing will be dependent on state approvals.
Please contact your United Guaranty Account Representative if you have questions concerning this announcement.
© United Guaranty Corporation 2016. All rights reserved. United Guaranty is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company, United Guaranty and CU SwiftClose are registered marks. Coverage is available through admitted company only. Desktop Underwriter, DU, and HomeReady are marks of Fannie Mae.