Hello from Diamond Residential Mortgage Corporation!

2025 brings exciting news for homebuyers: the Federal Housing Finance Agency (FHFA) has announced higher loan limits for conforming mortgages. This increase reflects rising home prices and opens up new possibilities for those looking to buy a home this year.

Conforming loans, which follow guidelines set by Fannie Mae and Freddie Mac, offer competitive rates and terms. For 2025, the baseline loan limit has increased to $806,500 for single-family homes in most areas, providing buyers with greater financial flexibility. In high-cost markets, such as major metro areas or unique locations like Alaska and Hawaii, limits can go as high as $1,209,750.

These changes could mean the difference between settling for a home or securing your dream property. Staying within conforming loan limits can also help buyers avoid the stricter requirements of jumbo loans, such as higher credit scores or larger down payments.

It’s not just conforming loans seeing changes. Programs like FHA, VA, and USDA loans are also expected to increase their limits this year, expanding access to home financing for buyers with specific needs, such as lower down payments or benefits for veterans and service members.

Higher loan limits aren’t just numbers—they represent new opportunities. More homes become accessible, loan terms remain competitive, and the path to homeownership becomes smoother for many buyers.

At Diamond Residential Mortgage Corporation, we’re here to help you make sense of these updates and find the loan that best fits your goals. Whether you’re a first-time buyer or looking to move into your next home, our team is ready to guide you every step of the way.

Let’s make 2025 the year you achieve your homeownership dreams! Contact us today to get started.

For more details on specific loan limits in your area, visit the FHFA’s website at www.fhfa.gov/CLL.