Conforming Loans with a 1% Down Payment


*Conforming Loan with a 1% Down Payment (700 FICO score needed)

*Conforming Loan with a 3% Down Payment (620 FICO score needed)

*95% Loan to Value with NO Private Mortgage Insurance (Lender Paid)

*Fannie Mae HomeReady Income Limit

*Freddie Mac Home Possible Income Limit


As announced by the Federal Housing Finance Agency (FHFA), the standard and high-cost area loan limits for Fannie Mae and Freddie Mac are increasing. The base loan limit in most of the country will be $510,400, as compared to the 2019 limit of $484,350.  All but 43 counties will see a loan limit increase.

Access Capital Group, Inc is pleased to begin allowing conventional loans with the increased standard and high balance limits to be submitted, locked and funded immediately.

Maximum Loan Amount for 2020

  • One-Unit: $510,400
  • Two-unit: $653,550
  • Three-unit: $789,950
  • Four-unit: $981,700

Maximum Loan Amount for High-Cost Areas for 2020 

  • One-unit: $765,600
  • Two-unit: $980,325
  • Three-unit: $1,184,925
  • Four-unit: $1,472,550

Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC).  Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community.  Every year, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.  Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans.  Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market – effectively decreasing the demand for non-conforming loans.