New Conforming Loan Limit 2024. The new loan limit for most of the country will be $766,550 — a 5.56% increase over the 2023 limit — and is effective for whole loans delivered to fannie mae. It can only be used for minor remodeling and nonstructural repairs and under the changes, the limit is.
To contend with this increase, the federal housing finance agency (fhfa) is raising its conforming loan limits. The federal housing finance agency (fhfa) increased the baseline conforming loan limit for mortgages backed by fannie mae and freddie mac to.