Fannie Mae Loan Limits 2024. Conforming loan limits represent the maximum dollar amount you can borrow for a conforming residential mortgage. A conforming loan is a mortgage that meets lending rules set by fannie mae and freddie mac and is within loan limits set by the federal housing finance agency (fhfa).

Every year, the federal housing finance administration (fhfa) adjusts loan limits for conventional mortgages to align with current home prices. In a press release issued, the fhfa unveiled its decision to raise the conforming loan limits for fannie mae and freddie mac to more than $750,000.