New Loan Limits for 2026

FHFA 2026 Limits

The Federal Housing Finance Agency (FHFA) has announced new maximum conforming loan limits for 2026. The updated limits for Central and Western New York are provided below:

• One-unit properties increased to $832,750
• Two-unit properties increased to $1,066,250
• Three-unit properties increased to $1,288,800
• Four-unit properties increased to $1,601,750

The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac. The adjustment reflects changes in the average U.S. home price. The percentage increase in the maximum conforming loan limit follows the Housing Price Index for the prior four quarters.

FHA 2026 Limits

Additionally, the Federal Housing Administration (FHA) has published the 2026 Nationwide Forward Mortgage Limits. This provides the maximum mortgage limits for FHA-insured Title II forward mortgages for the 2026 calendar year.

The updated limits for Central and Western New York are provided below:

• One-unit properties increased to $541,287
• Two-unit properties increased to $693,050
• Three-unit properties increased to $837,700
• Four-unit properties increased to $1,041,125

The FHA calculates forward mortgage limits based on the median house prices in accordance with the National Housing Act and its Single Family forward mortgage limits are set by Metropolitan Statistical Area (MSA) and county. Loan limits in these areas are set and published annually using the county with the highest median price within the MSA.

All loans that close on January 1, 2026 or after will fall under the 2026 limits. Contact GRB's Mortgage Team with any questions.