Ginnie Mae Revises High Balance Loan Limits

Recently Ginnie Mae issued All Participants Memorandum (APM) 20-20, announcing revised mortgage loan limits for High Balance Loans.                               

Ginnie Mae’s revised definition of High Balance Loans states that, effective for issuances on or after January 1, 2021, a High Balance Loan is defined as a single-family forward mortgage loan with an original principal balance (minus the amount of any upfront mortgage insurance premium) exceeding $548,250 for a one-unit property located in the contiguous 48 states, District of Columbia, American Samoa, and Puerto Rico.  For one-unit properties located in Alaska, Hawaii, Guam, and the U.S. Virgin Islands, the amount is $822,375.  For information about conforming loan limits for the Commonwealth of the Northern Mariana Islands, additional such information may be obtained directly from FHFA.