Nearly all parts of the U.S. will see an increase to the maximum conforming loan amount that can be backed by Fannie Mae and Freddie Mac for 2019, according to the Federal Housing Finance Agency. The baseline conforming loan limit will rise to $484,450, a 6.9% increase over the 2018 limit.
Areas with higher housing prices may have a higher conforming loan limit. You can find a list of conforming loan limits by county at fhfa.gov.
This marks the third straight year that the maximum conforming loan amount has increased after 10 years of it being steady. Conforming loan limits are based on average home prices. According to the FHFA, house prices increased 6.9% between the third quarters of 2017 and 2018, leading to conforming loan limits growing by the same amount. Conforming loan limits are also used to define FHA limits.