Federal Housing Finance Agency has released the 2020 Conforming Loan Limits. Fannie Mae and Freddie Mac are restricted in the size of loans they are able to purchase. Anything above this loan limit would be a jumbo loan.
For Essex County the limit is $690,000 for a single unit, $883,300 for a two family, $1,067,750 for a three family, and $1,326,950 for a four family. Essex County has one of the highest loan limits in the state surpased only by Dukes and Nantucket Counties.
You can find the Conforming Loan Limits for every county in the country here.
