The Federal Housing Finance Agency has set 2014 limits on the size of mortgages Freddie Mac and Fannie Mae are allowed to buy, unchanged from 2013 levels.
FHFA, which oversees the mortgage lenders, sets the conforming loan limits each November, traditionally based on fluctuations in housing prices.
The conforming loan limits for single-family properties next year remains $417,000, with the exception of higher-priced housing areas.
The District and most metro Washington counties fall in that category, with the maximum confirming loan limit at $625,500, also unchanged from 2013.
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