New Conforming Loan Limit 2024

New Conforming Loan Limit 2024. The new loan limit for most of the country will be $766,550 — a 5.56% increase over the 2023 limit — and is effective for whole loans delivered to fannie mae. The federal housing finance agency (fhfa) increased the baseline conforming loan limit for mortgages backed by fannie mae and freddie mac to.

Conforming loan limits are tied to home prices. This is important as the pair allow.