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2020 Conventional Loan Limits

Effective today, December 3, 2019 Fairway Wholesale Lending will begin accepting locks through the FWL website ( for the 2020 increased Conventional Loan Amounts up to $510,400 and increased FNMA / FHLMC High Balance loan limits.

Any changes to loan amount and/or product based on the new 2020 loan limits will need to be requested via email to the lock desk (This email address is being protected from spambots. You need JavaScript enabled to view it.).

Loans with increased loan limits can close immediately after obtaining a clear-to-close decision in Underwritingahead of the January 1st Agency delivery effective date, provided they have a DU/LP Approval.  Until the AU systems are programmed with the new high balance limits, Approve or Accept/Ineligible recommendation will be permitted for high balance eligible areas closing in advance of January 1st. Where the ineligibility reason is only that the loan amount exceeds the existing 2019 limit and the underwriter verifies manually that the loan limit is within the new 2020 guidelines.

The 2020 loan limits will be implemented in Freddie Mac’s Loan Product Advisor (LPA) for both general loan limits and high balance loan limits on December 4, 2019.

The 2020 loan limits will be implemented in Fannie Mae’s (DU) for both general loan limits and high balance loan limits on December 7, 2019.

Note: Product changes on locked loans from a Jumbo program to an Agency product under the new 2020 loan limits are not permitted.

Please contact your Regional Account Manager should you have any questions related to this Client Announcement.

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