Libbi Othella

Fannie Mae Conforming Loan Limits 2024 Calculator. A conforming loan is a mortgage that meets two criteria: 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 conforming loan limits for 2024 have increased and apply to loans delivered to fannie mae in 2024 (even if originated prior to 1/1/2024). Conforming loans are backed by fannie mae and freddie mac and can’t exceed fhfa loan limits ($766,550 in most areas).