New Conforming Loan Limits 2024. The conforming loan limits for 2024 are the new loan limit set by federal housing finance agencies that regulate how much a person can borrow to buy a house. As home prices rise, so do the limits.
If you borrow less than the conforming loan limit, you. Conforming loan limits increase based on the fhfa’s house price index.
The projected increase in 2024 is approximately 3.28%, resulting in a new conforming loan limit of $750,000, up from $726,200 in 2023.
The conforming loan limit has now increased by nearly $132,000 since 2016.
If you think a conforming loan might be right for you, you’ll want to familiarize yourself with this year’s conforming loan limits.
Updated july 8, 2024 at 4:00 am.
