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Fannie Mae Loan Limit Increase

VHDA is accepting Fannie Mae loan applications at the new increased conforming loan limit of $484,350

Mortgage Cadence will not be updated with the higher loan limit until sometime later in the year.
Until these changes are made, here are the procedures to follow:

  • Lenders may proceed with registering loans in Mortgage Cadence but it must be at the prior lower Fannie Mae loan limit.
  • After the loan has been registered and locked in Mortgage Cadence, the lender may increase the loan amount and click SAVE.
  • Upon saving, a product validation error message will appear indicating the loan amount is too high.
  • At time of loan approval or Delegated Confirmation, please contact Melissa Whitlow to successfully override the system and allow the new higher conforming loan amount.

Please note that the VHDA Sales Price Limits have not changed.

Please refer to the applicable Program Guidelines to determine when the limits apply.

For questions please contact