Conforming Loan Limits 2024 High Balance

Conforming Loan Limits 2024 High Balance. Understanding fannie mae high balance loan limits for 2024 definition and purpose. Conforming loan limits update every year to adapt to the change in home prices.

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. To be eligible for the new limits,.