Fannie Mae Conforming Loan Limits 2024 Calculator. The baseline conforming loan limit for mortgages backed by fannie mae and freddie mac in 2024 will be $766,550, up 5.5% compared to the current limit of $726,200, the. Beginning january 1st, 2024, you’ll be able to get a loan amount as large as $766,550 backed by fannie mae or freddie mac.

If a mortgage falls within the conforming loan amount and meets other criteria, it’s eligible for purchase by fannie mae and freddie mac, which buy most of the home loans in the u.s. What are conforming loan limits?