Fnma High Balance Loan Limits 2024

Fnma High Balance Loan Limits 2024

The 2024 conforming loan limit increase means more purchasing power for qualified homebuyers looking to purchase or refinance a home in 2024. The new conforming loan limit set by the fhfa for 2024 is $766,550 (a hike of $40,350 compared to 2023’s baseline amount of $726,200).

High balance conforming loans let you borrow above the baseline limit while still getting a conforming loan. The projected increase in 2024 is approximately 3.28%, resulting in a new conforming loan limit of $750,000, up from $726,200 in 2023.