FHFA Announces Baseline Conforming Loan Limit Will Increase to $766,550

The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2024. In most of the United States, the 2024 CLL value for one-unit properties will be $766,550, an increase of $40,350 from 2023.

The new ceiling loan limit for one-unit properties will be $1,149,825, which is 150 percent of $766,550.