New Conforming Loan Limits 2024. The higher limit signals a response to the rapid price appreciation in the housing market. Understand what loan limits are, how they are decided, and how these updated amounts impact.
The conforming loan limits for 2024 have increased and apply to loans delivered to fannie mae in 2024 (even if originated prior to 1/1/2024). This number has increased since 2023, when the limit was $726,200.