Conforming Loans

Conforming loans typically refer to loan amounts that conform to underwriting guidelines as determined by Fannie Mae & Freddie Mac.

These two government agencies were established to really help lenders, by buying the loans lender made to you, thus freeing up the lenders capital, so lenders can keep lending without running out of money.

Fannie Mae and Freddie Mac do not lend directly to the public.

The Conforming loan limit is $417,000 for single family homes. However, not all conforming loans are serviced by these government agencies. 

Below are the current conforming loan limits for 1-4 unit/condos, primary residences, and second homes (subject to change):

  • 1-unit: Up to $417,000
  • 2-unit: $533,850
  • 3-unit: $645,300
  • 4-unit: $801,950