Conforming Loan Limits 2024 High Balance Mortgage

Conforming Loan Limits 2024 High Balance Mortgage. Conforming loans comply with mortgage loan limits set every year by the federal housing finance agency and underwriting guidelines set by fannie mae and freddie mac, the. In 2024, you can borrow up to $766,550 on a conforming loan in most areas, marking a conforming loan limit increase of $40,350 from last year's numbers.

The limits are based on the median home value in each u.s. The federal housing administration caps all fha mortgages at 65% of the conforming loan limit in most areas of the country.