Conforming Loan Limit Increase 2024. The baseline conforming loan limit for mortgages backed by fannie mae and freddie mac in 2024 will be $766,550, up 5.5% compared to the current limit of. Concrete as this may seem, it’s essential to put this figure into perspective.
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 baseline conforming loan limit for mortgages backed by fannie mae and freddie mac in 2024 will be $766,550, up 5.5% compared to the current limit of.