Conventional Loan Limits 2024

Conventional Loan Limits 2024. The baseline conforming loan limit for 2024 is $766,550, an increase of $40,350 from 2023. Conforming loans are backed by fannie mae and freddie mac and can’t exceed fhfa loan limits ($766,550 in most areas).

Each year, the fhfa adjusts the conforming loan limits based on its third quarter house price index (hpi). Mortgage loan limits for conventional, fha, & va loans.