What Is Conforming Loan Limit 2024

What Is Conforming Loan Limit 2024. Baseline conforming loan limits are. A conforming loan is purchased or guaranteed through fannie mae and freddie mac if it “conforms” to the size limitations.

Fhfa’s baseline conforming loan limit for mortgages backed by fannie and freddie in 2024 was $766,550, up 5.5% from 2023. Effective from january 1, 2024, the limits will rise,.