Fannie Mae High Balance Loan Limits 2024. In response to escalating home prices in 2023, the federal housing finance agency (fhfa) has announced a 5.5% increase to the baseline (conventional) conforming loan limit for mortgages backed by fannie mae and freddie mac in 2024. Conforming loan limits are the maximum mortgage loan amounts that fannie mae and freddie mac, two major players in the mortgage industry, are willing to guarantee.
This article discusses what conforming loans are and what the new limits might mean for you. The new loan limit for most of the country will be $766,550 โ a 5.56% increase over the 2023 limit โ and is effective for whole loans delivered to fannie mae and loans in mbs pools with issue dates on or after jan.
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