New 2025 Conventional Loan Limits – $795,000

Effective with locks taken after 9/25/2024 

• Applies to standard Fannie Mae and Freddie Mac eligible programs
• Loans with AUS Approve/Ineligible or Accept/Ineligible (ineligible for loan limits only) are eligible for delivery and will require full appraisal. We can not accept an ACE, PIW or PDR under the new loan limit
• Credit Report must be dated after 9/15/2024
• 1-unit limit changed only
• No change for multiple units or current high balance program
• Loans locked under this program may close immediately
• 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]