New Max Loan Limits for Conventional Mortgage Loans in Kentucky 

New Max Loan Limits for Conventional Mortgage Loans in Kentucky
Beginning January 2020, the increase of conforming loan limits for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) are more than $510,000, which is an increase from $484,350 in 2019. These figures are for one-unit property purchases.

There were no conforming loan limit increases from 2006 to 2016 and 2017, 2018, and 2019 saw only small increases, so this new conforming loan limit is a boon to borrowers. Many Kentucky  home buyers can have safe access to affordable mortgages insured with Fannie Mae or Freddie Mac. For homeowners who qualify for a home loan, the mortgages are easier to manage and can help to give borrowers a sense of relief that they can afford to buy a new home without a significant financial struggle.

Source: Federal Finance Housing Agency