Conforming Loan Limit (CLL) Values (2024)

Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages withorigination balances below a specific amount, known as the “conforming loan limit” (CLL)value. Loans above this amountare known as jumbo loans.

The national conforming loan limit valuefor mortgages that finance single-family one-unit properties increased from $33,000 in the early 1970s to $417,000 for 2006-2008, with limit values50 percent higher for four statutorily-designated high cost areas: Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Since2008, various legislative actsincreased the conformingloan limit values incertain high-cost areas in the United States. While some of thelegislative initiatives established temporary limit values for loans originated inselect time periods, a permanent formula was established under theHousing and Economic Recovery Act of 2008 (HERA).The 2024c​onformingloan limit valueshave beenset under theHERA formula.

See the latest Conforming Loan Limit values news releasehere.

2024Conforming Loan Limit Values

Conforming Loan Limit Values for Calendar Year 2024-- All Counties

[XLS],[PDF],[MAP],[ADDENDUM],[FAQs]

PreviouslyAnnounced Loan Limit Values

DescriptionFormat
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2023and (b)Originated after 10/1/2011 or Prior to 7/1/2007​[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2022and (b)Originated after 10/1/2011 or Prior to 7/1/2007​[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2021and (b)Originated after 9/30/2011 or Prior to 7/1/2007​[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2020 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]​
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2019 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2018 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2017 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2016 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2015 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2014 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
​Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2013 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
​Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2012 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
Maximum Loan Limits for Loans (a)Acquired in Calendar Year 2011 and (b)Originated after 9/30/2011 or Prior to 7/1/2007[XLS]
Maximum Loan Limits for Loans Originated between 10/1/2010 and 9/30/2011
(Same as Limits for 1/1/10-9/30/10 Originations)
[XLS]
Maximum Loan Limits for 2010-Originated Mortgages
(Same as Limits for 2009 Originations in all Areas; Set under PL111-88)
[XLS]
​Maximum Loan Limits forMortgages Originated in 2009
(American Recovery and Reinvestment Act-Limits)
[XLS]
Maximum Loan Limits forMortgages Originated between July 1, 2007 and December 31, 2008(Economic Stimulus Act of 2008 Limits)[PDF]

Related Links

FHFA Announces Maximum Conforming Loan Limits for 2024(11/28/2023)
FHFA Announces Maximum Conforming Loan Limits for 2023(11/29/2022)
FHFA Announces Maximum Conforming Loan Limits for 2022(11/30/2021)
FHFA Announces Maximum Conforming Loan Limits for 2021(11/24/2020)
FHFA Announces Maximum Conforming Loan Limits for 2020(11/26/2019)
FHFA Announces Maximum Conforming Loan Limits for 2019(11/27/2018)
FHFA Announces Maximum Conforming Loan Limits for 2018(11/28/2017)
FHFA Announces Increase in Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017(11/23/2016)
2016 Maximum Conforming Loan Limits Established for Fannie Mae and Freddie Mac(11/25/2015)
FHFA Announces 2015 Conforming Loan Limits: Unchanged in Most of the U.S.(11/24/2014)
FHFA Seeks Public Input on Proposed Gradual Decrease of Future Fannie Mae and Freddie Mac Loan Purchase Limits(12/16/2013)
FHFA Announces Fannie Mae and Freddie Mac Conforming Loan Limits for 2014(11/16/2013)
Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac to Remain Unchanged in 2013(11/29/2012)
Maximum Conforming Loan Limits to Remain Unchanged in All Counties But One in 2012 (11/22/2011)
Maximum Conforming Loan Limits to Remain Unchanged in the First Nine Months of 2011(11/19/2010)
Maximum Loan Limits for Fannie Mae and Freddie Mac to Remain Unchanged for 2010(11/12/2009)
2009 Conforming Loan Limits Increased by American Recovery and Reinvestment Act(2/23/2009)
2009 Conforming Loan Limits Raised In Two Counties(12/23/2008)
Conforming Loan Limit for U.S. to Remain $417,000 In 2009(11/7/2008)
2009 Conforming Loan Limits to Be Announced by November 7(10/17/2008)
Notice of Final Examination Guidance: Conforming Loan Limit Calculations(3/31/2008)
Statement on the Conforming Loan Limit for 2008 and Revised Draft Examination Guidanceand Comments on Conforming Loan Limits(10/22/2007)
Guidance on Conforming Loan Limit (Revised Proposed)
Guidance on Conforming Loan Limit (Proposed)(6/2007)
Comments on Proposed Guidance on Conforming Loan Limits Calculations (Notice 2007-N-15)(6/20/2007)
Media Release on Conforming Loan Limit for 2008(11/27/2007)
Temporary Jumbo Conforming Loan Limitsfor 2008
History of Conforming Loan Limits (Table 26 of 2007 Report to Congress)
Media Release on Conforming Loan Limit for 2007(11/28/2006)

For questions, please contactLoanLimitQuestions@fhfa.gov.

​​​​​Page last updated: November 28, 2023

Conforming Loan Limit (CLL) Values (2024)

FAQs

What is the conforming loan limit for CLL? ›

For 2024, in most of the United States, the maximum conforming loan limit for one-unit properties (the baseline) is $766,550, up from $726,200 in 2023. 53 This increase of $40,350 reflects the ongoing increase in housing prices experienced during 2023.

How are the conforming loan limits CLLS set every year? ›

The Federal Housing Finance Agency (FHFA), which is the agency that oversees Fannie Mae and Freddie Mac, sets new conforming limits each year. The limits are based on the median home value in each U.S. county, so your loan limit depends on the county where you're buying a house.

What are the new conforming loan limits for 2024? ›

The national conforming loan limit for 2024 for a one-unit property is $766,550. FHA's 2024 minimum national loan limit floor of $498,257 for a one-unit property is set at 65 percent of the national conforming loan limit.

What is the conforming loan limit for 4 units? ›

$1,474,400

What must a qualified mortgage's loan term limit be? ›

Maximum loan term is less than or equal to 30 years. Any loan that meets the product feature requirements with a debt-to-income ratio of 43% or less is a QM.

What are the conforming loan limits announced? ›

Median home values generally increased in high-cost areas in 2023, which increased their CLL values. The new ceiling loan limit for one-unit properties will be $1,149,825, which is 150 percent of $766,550.

Why do conforming loan limits matter? ›

Every November, the FHFA adjusts the conforming loan limits to reflect changes in the housing market. This helps ensure the average homebuyer can still get a conventional mortgage, even as housing costs rise.

What is the loan limit for a conventional loan? ›

Conventional (conforming)

Loan amount must be $766,550 or less in most counties and may be as high as $1,149,825 in high-cost counties.

What is the difference between loan limit and balance? ›

What's the difference between my loan limit and loan balance? Your loan balance is the amount you currently owe, and are paying interest on. Your loan limit is the combination of your balance and available credit (when you're on Principal & Interest repayments, your limit reduces over time).

Will conforming loan limits increase in 2025? ›

See our county-by-county chart below, which highlights all counties with 2024 conforming loan limits above the standard $766,550. Keep in mind, the FHFA may increase conforming loan limits again for 2025. If you are planning on taking out a mortgage loan in 2025, check back here for updates on loan limits.

What is the Freddie Mac conforming loan limit? ›

Minimum and maximum original loan amounts for super conforming Mortgages
UnitsMinimum/Maximum Original Loan AmountProperties in Alaska, Hawaii, Guam and the U.S. Virgin Islands
Minimum Loan AmountMaximum Loan Amount**
1$766,551None in 2024
2$981,501None in 2024
3$1,186,351None in 2024
2 more rows
Jan 1, 2024

What entity sets conforming loan limits for mortgages? ›

Simply put, conforming loans conform to, or fit within, criteria set by the Federal Housing Finance Agency (FHFA). Nonconforming loans do not meet these requirements.

What is the largest mortgage you can get? ›

The conforming loan limits set by the Federal Housing and Finance Agency (FHFA) change every year. For 2024, the upper limit is $766,550 to $1,149,825, depending on location. Jumbo loans are mortgages that exceed these limits in their respective counties.

What loans are not backed by Fannie Mae and Freddie Mac? ›

Jumbo Loans. These loans are used to finance high mortgage amounts, often for luxury homes. A jumbo loan is a non-conforming loan, as it doesn't conform to the requirements of Fannie Mae, Freddie Mac, and their regulator, the Federal Housing Finance Agency (FHFA).

What is the maximum LTV for a conventional conforming loan? ›

Loan limits: FHFA publishes Fannie Mae's conforming loan limits annu- ally. See Resources for a link to the current limits. Loan-to-value limits: The LTV limit is 97 percent, or up to 105 percent with a Community Seconds®17 subordinate lien.

What is the HPML threshold for 2024? ›

Effective January 1, 2024, the exemption threshold amount will increase from $31,000 to $32,400. This amount is based on the CPI-W in effect on June 1, 2023, which was reported on May 10, 2023 (based on April 2023 data).

What is the VA loan limit for 2024? ›

VA loan limits received a massive increase in 2024. The standard VA loan limit in 2024 is $766,550 for most U.S. counties, increasing from $726,200 in 2023. VA loan limits also increased for high-cost counties, topping out at $1,149,825 for a single-family home. VA loan limits do not represent a cap or max loan amount.

What are FHA loan limits? ›

That means the FHA loan limit is $498,257 in low-cost areas and $1,149,825 in high-cost areas. The FHA is also required by law to set the loan limit at 115 percent of the median home sale price, subject to the national floor and ceiling.

What is the conventional loan limit in Texas 2024? ›

The specific limit for Texas in 2024, set at $766,550 for single-family homes, marks a substantial increase from previous years. This increase allows more borrowers to qualify for conventional loans, which often come with more favorable interest rates and terms compared to jumbo loans.

Top Articles
Latest Posts
Article information

Author: Saturnina Altenwerth DVM

Last Updated:

Views: 5993

Rating: 4.3 / 5 (64 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Saturnina Altenwerth DVM

Birthday: 1992-08-21

Address: Apt. 237 662 Haag Mills, East Verenaport, MO 57071-5493

Phone: +331850833384

Job: District Real-Estate Architect

Hobby: Skateboarding, Taxidermy, Air sports, Painting, Knife making, Letterboxing, Inline skating

Introduction: My name is Saturnina Altenwerth DVM, I am a witty, perfect, combative, beautiful, determined, fancy, determined person who loves writing and wants to share my knowledge and understanding with you.