Fannie Mae LTV matrices for primary residences
Loan Terms
Amortization Terms
Fully Amortizing Fixed Rate: 10-30 years
Fully Amortizing 5/5 CMT ARM: 10-30 years
Fully Amortizing 7/6-Month SOFR ARM: 10-30 years
Minimum Loan Amount
Agency
There is no minimum loan amount.
Agency Plus
$510,401 for one unit properties
$653,551 for two unit properties
$789,951 for three unit properties
$981,701 for four unit properties
Note: For Agency Plus loans, the minimum loan amount is always one ($1) dollar above the standard Agency conforming loan amount for one to four unit properties.
Maximum Loan Amount
Agency
$510,400 for one unit properties
$653,550 for two unit properties
$789,950 for three unit properties
$981,700 for four unit properties
Agency Plus
Agency Plus loans are available ONLY in high cost areas (as defined by HUD). Click here for the specific loan limits for each high-cost area, as released by the Federal Housing Finance Agency.
The maximum loan amount will vary based on the location of the subject property; however, will NEVER exceed:
$765,600 for one unit properties,
$980,325 for two unit properties,
$1,184,925 for three unit properties, and
$1,472,550 for four unit properties.
Continued on next page
**Note: See Bulletin COR20-015 for additional COVID-19 restrictions.
Section 2.01 December 4, 2020
Agency Loan Programs Page 9 of 675
Correspondent Seller Guide
Loan Terms, Continued
Agency Maximum LTV/TLTV/ HTLTV Ratio Requirements
Primary Residence
Note: Standard Agency LPA transactions with an LTV, TLTV, and/or HTLTV ratio greater than 95% are referred to by Freddie Mac as HomeOneSM Mortgages. Any specific requirements that apply for these transactions, that differ from standard Agency LPA requirements, are referenced in Truist LPA guidelines as requirements for transactions with an LTV, TLTV, and/or HTLTV ratio greater than 95%.
Agency
