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MPF Announcement 2025-97
MPF Origination and Underwriting Policy Updates
Effective Date: January 1, 2026
| Number of Units | Contiguous US, DC and Puerto Rico Loan Limits |
| 1 | $832,750 |
| 2 | $1,066,250 |
| 3 | $1,288,800 |
| 4 | $1,601,750 |
| Number of Units | Alaska, Hawaii and Virgin Islands |
| 1 | $1,249,125 |
| 2 | $1,599,375 |
| 3 | $1,933,200 |
| 4 | $2,402,625 |
*The maximum total loan limits for MPF Government MBS Mortgage Loans are net of any financed mortgage insurance premium or funding fee as reflected on the Note.
Maximum Original Loan Amount—MPF Xtra Selling Guide Chapter 2.1
Originators must comply with the Fannie Mae Selling Guide regarding loan limits. For additional information, see the enclosed Fannie Mae Lender Letter LL-2025-04.
We have published an updated version of MPF Selling Guides, Exhibit N, Conventional High-Cost Area Loan Limits, to reflect the increased loan limits.
The new loan limits are effective for loans with Funding Dates (i.e. the date the MPF Bank deposits funds into the PFI’s account for the Mortgage Loan) on or after January 1, 2026.
If a loan exceeds the 2025 loan limits and has a Funding Date before January 1, 2026, it must be delivered under a high-balance Delivery Commitment. A Delivery Commitment for a loan that meets the 2026 conforming limits may be opened during 2025, provided that the Funding Date for that loan is on or after January 1, 2026. (Ex: A Delivery Commitment with a loan amount of $832,750 may be opened in December 2025 as long as the loan’s Funding Date is on or after January 1, 2026. If that same loan has a Funding Date before January 1, 2026, then it must be delivered under a high-balance Delivery Commitment).
Allowable Points and Fees—MPF Program Guide
The Consumer Financial Protection Bureau (CFPB) has increased the loan amount thresholds and dollar amount caps that apply under the ability-to-repay and safe harbor qualified mortgage rules.
The following loan amount thresholds and points and fees caps apply to all conventional and government mortgages secured by a primary residence or second home with a loan application date on or after January 1, 2026. The “total points and fees” and “total loan amount” must be calculated in accordance with Regulation Z (12 CFR § 1026.32).
| Loan Amount 1 | Percentage of the Total Loan Amount Cap1 | Dollar Amount Cap |
| >= $137,958 | 3% | N/A |
| > = $82,775 and < $137,958 | N/A | $4,139 |
| > = $27,592 and < $82,775 | 5% | N/A |
| > = $17,245 and < $27,592 | N/A | $1,380 |
| < $17,245 | 8% | N/A |
1 For the loan amount categories with percentage caps, the PFI must apply the applicable percentage cap to the “total loan amount,” which may be less than the “loan amount.” (See Regulation Z, 12 CFR § 1026.43, for the term “loan amount,” and Regulation Z, CFR § 1026.32, for the term “total loan amount.”)
- References:
- MPF Announcement 2025-97
