2024 Conventional Loan Limits
New 2024 Conventional Loan Limits – $766,550
Start using today!
- New 1-unit limit $766,550 regardless of property location
- Applies to standard Fannie Mae and Freddie Mac eligible programs
- DU Approve/Ineligible or LPA Accept/Ineligible for loan amount only is required
- No change for multiple units or current high balance program
- Full appraisal required (PIW/ACE/PDRs not accepted)
- This program requires tax transcripts for the most recent one year for all self-employed borrowers
- Use loan programs “Fannie 30yr-New Limit” (or Freddie) in optimal blue to lock above the current FHFA limit
- This is a separate investor program and not serviced by GMFS. Files locked under this program must close under this program and cannot be switched to standard GMFS product later.
To see if your existing lock is eligible for changes, contact the lock desk at [email protected]