Home Loan Limit Changes

Home prices have continued to climb, and so with that comes another increase in maximum conventional loan limits. See detail below…

​Increases from 2023 to 2024
Conforming loan limits for one-unit homes will go from $726,200 up to $766,550.
 
“High balance” conforming loans can now go to $1,149,825…up from 2023’s limit of $1,089,300.
 
Multi-unit properties have higher limits. Feel free to reach out if you’d like further detail.
 
How This Helps
Higher loan limits mean more borrowers fit in better loan “buckets”. As mentioned in past loan limit increase updates, this leads to the following benefits:

• Less strict guidelines for qualifying
• Better rates on more loans
• Lower costs for more borrowers
• Reduced down payment requirements

 
Reach out any time with questions as it relates to your specific finances or lending situation.