New 2024 Mortgage Conforming Loan Limit Increase. Take advantage of the new conforming loan limits for your next Conventional or VA home loan!
Qualify today for conventional and VA loans with the new 2024 FHFA conforming loan limits:
- $766,550 for VA and one-unit conventional loans (increased from $726,200)
- $1,149,825 for one-unit loans in high-cost counties (increased from $1,089,300)
We offer a variety of home loans and are here to help you navigate the mortgage process. As a leading Texas Mortgage Broker our goal is to provide you with the best customer service, lowest rates and fees, and a fast closing. The majority of our clients are referrals and have worked with us in the past. We hope to have the opportunity to earn your business. Have questions and not sure where to start? Give us a call or fill out the “quick quote” form on this page and we’ll get in contact with you. Also, check out our google rating and reviews for more information!
Federal Housing Finance Agency (FHFA) Announces Conforming Loan Limit Values for 2024
The Federal Housing Finance Agency (FHFA) issued the baseline (“general”) and high-cost area conforming loan limit values that will apply to conventional loans to be acquired by Fannie Mae in 2024. The new limits are effective for whole loans delivered, and mortgage loans delivered into MBS with pool issue dates on or after January 1, 2024. All conforming loan limit values apply to the original loan amount of the mortgage loan, not to its balance at the time of purchase by Fannie Mae.
https://capitalmarkets.fanniemae.com/mortgage-backed-securities/single-family-mbs/fhfa-announces-conforming-loan-limit-values-2024
