Key facts
- Pennymac raised its conforming loan limit to $850,000 for single-unit properties in the contiguous U.S.
- UWM raised its one-unit limit for conventional and VA loans to $847,440.
- Pennymac's new limit is $17,250 above the current national baseline of $832,750.
- CCM and Rocket Mortgage raised their conforming loan limits to $845,000 for single-family homes.
- The FHFA sets annual conforming loan limits for mortgages eligible for purchase or guarantee by Fannie Mae and Freddie Mac.
Pennymac and United Wholesale Mortgage (UWM) have announced increases to their conforming loan limits, allowing borrowers to access larger conventional loans before the Federal Housing Finance Agency (FHFA) officially updates its figures for 2027. This move follows similar announcements from Rocket Mortgage and CrossCountry Mortgage (CCM).
Pennymac stated its new conforming loan limit is $850,000 for single-unit properties in the contiguous U.S., effective immediately. This represents an increase of $17,250 above the current national baseline of $832,750. The company also raised limits for two- to four-unit properties, with the highest being $1,634,950 for four-unit homes. For properties in Alaska and Hawaii, Pennymac's new limits range up to $2,452,400 for four-unit properties.
UWM will honor its estimated 2027 conforming loan limits starting Wednesday, increasing its one-unit limit for conventional and Department of Veterans Affairs (VA) loans to $847,440. Its new conventional limits for two- to four-unit properties are $1,085,059, $1,311,535, and $1,630,005, respectively.
In comparison, CCM and Rocket Mortgage had previously raised their conforming loan limits to $845,000 for single-family homes. Rocket also set its limits for Alaska and Hawaii at $1,267,500.
The FHFA is responsible for setting the annual conforming loan limits that determine which mortgages are eligible for purchase or guarantee by Fannie Mae and Freddie Mac. The agency has not yet released the official 2027 limits.