4203.3: Maximum original loan amounts for Home Mortgage purchases (01/01/18)
- Marsha Freeman
- Kacey Olson
© Freddie Mac Single-Family Seller Servicer Guide
The following maximum original loan amounts* apply to Home Mortgages with Funding or Settlement Dates on or after January 1, 2018. Except for the Mortgage Products, offerings and characteristics listed below, the loan amount used to determine compliance with the original loan amount limits is the original loan amount:
| Number of Units | Maximum Original Loan Amount | Properties in Alaska, Guam, Hawaii or U.S. Virgin Islands |
| 1 | $453,100 | $679,650 |
| 2 | $580,150 | $870,225 |
| 3 | $701,250 | $1,051,875 |
| 4 | $871,450 | $1,307,175 |
For the Mortgage Product, offering or characteristic listed below, the loan amount used to determine compliance with the original loan amount limits is stated in the following chart:
| Mortgage Product, offering or characteristic | Loan amount to be used to determine compliance with maximum loan amounts |
| Seller-Owned Modified Mortgages (as described in Chapter 4402 and Section 6302.27) | The loan amount of the Mortgage as stated in the original Note |
| Seller-Owned Converted Mortgages (as described in Chapter 4402 and Section 6302.19)) | The loan amount of the Mortgage as stated in the ARM Note |
| Construction Conversion Mortgages and Renovation Mortgages originated using Integrated Documentation (as described in Chapter 4602 and Section 6302.28) | The loan amount of the Interim Construction Financing as stated in the integrated Note for the Interim Construction Financing and Permanent Financing |
| Construction Conversion Mortgages and Renovation Mortgages originated using Modification Documentation (as described in Chapter 4602 and Section 6302.28) | The higher of (i) the loan amount of the Interim Construction Financing as stated in the Note for the Interim Construction Financing or (ii) the loan amount of the Permanent Financing as stated in the Construction Conversion Modification Agreement |
| Construction Conversion Mortgages and Renovation Mortgages originated using Separate Documentation (as described in Chapter 4602 and Section 6302.28) | The loan amount of the Permanent Financing as stated in the Note for the Permanent Financing |
| Mortgages with future advances made before the Delivery Date consolidated with the outstanding principal amount (as described in Section 4101.11(a)) | The loan amount of the Mortgage as stated in the original Note (which must be equal to or greater than the consolidated principal amount) |
| Mortgages with a principal curtailment made before the Delivery Date (as described in Section 6302.32) | The loan amount of the Mortgage as stated in the Note |
| Mortgages with financed mortgage insurance premiums (as described in Section 4701.2) | The loan amount of the Mortgage as stated in the Note (which includes the financed mortgage insurance premium) |
For the Mortgage Products, offerings and characteristics listed in the chart above, the loan amount for purposes of determining compliance with the maximum loan amount limits provided in this section may be different from the amount delivered in the ULDD Data Point Note Amount and from the amount used to calculate the LTV ratio. See Chapter 6302 for delivery instructions.