FHFA Conforming Loan Limits Increase to $766,550 in 2024!
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FHFA Conforming Loan Limits Increase to $766,550 in 2024!

We’re thrilled to inform you that the Federal Housing Finance Agency (FHFA) has recently announced a significant development: the baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac is set to increase to $766,550 in 2024. This marks a 5.5% rise from the current limit of $726,200.

What Does This Mean for You?

The increase in conforming loan limits brings great news for homebuyers. It will now be more convenient for you to finance one-unit homes at the higher end of the price scale. This positive change provides a valuable alternative to jumbo loans, which are typically subject to more stringent financial regulations when managed by banks.

Explore New Home Possibilities!

Don’t let this opportunity pass you by! Take the chance to explore new home possibilities with these enhanced conforming loan limits.

 

The Federal Housing Finance Agency (FHFA) just announced the new conforming loan limit is $766,550, up from $726,200. Learn more here.

If you have any questions or need further information, feel free to reach out. We’re here to assist you in navigating these exciting developments in home financing.

Happy house hunting!

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