Conventional Loans:


Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC). Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community. Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.

Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans. Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market - effectively decreasing the demand for non-conforming loans.

Conforming Loan Limits:

Number of UnitsMaximum original principal BalanceAlaska, Guam, Hawaii, and U.S. Virgin Islands only
1$484,350$762,525
2$620,200$930,300
3$749,650$1,124,475
4$931,600$1,397,400

NOTE: The conforming loan limit in Alaska, Hawaii, Guam and the Virgin Islands is 50% higher.



Did you know?
We offer high balance loans nationwide.  That's right, if you use the County Lookup tool and need a higher loan amount, inquire with us. 

Maximize Conventional Financing

You may still be able to obtain max financing with a 2nd mortgage utilizing an 80/15/5 structure.  Ask us if this is a viable financing option for you.

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