Each year, FHFA is required by statute to adjust the maximum size single-family mortgage that Fannie Mae and Freddie Mac may purchase. Those mortgages have origination balances below a specific value—known as the conforming loan limit (CLL). Learn more about CLLs and who was covered when FHFA adjusted CLLs in the past.
Learn more: Who Did the Increase in Conforming Loan Limits Cover in 2019?