Fannie Mae Loan Limits 2024. The conforming loan limit is the annually adjusted dollar cap on the size of a mortgage that fannie mae and freddie mac will purchase or guarantee. Set by the federal housing finance agency (fhfa), conforming loan limits cap the amount that can be financed through mortgages acquired by government.
The new loan limit for most of the country will be $647,200 — an 18.05% increase over the 2021 limit — and is. A conforming loan is a mortgage that meets lending rules set by fannie mae and freddie mac and is within loan limits set by the federal housing finance agency.