Categories: Uncategorized

2024 CONFORMING LOAN LIMIT UPDATE

Updated 2024 FHFA Confirming Loan Limits are active as of 10/11/2023!

As of this date, the updated loan limits can be utilized on all pipeline loans and initial underwrites for both Conventional and VA files.

2024 CONFORMING LOAN LIMITS (CONVENTIONAL)

 

2024 Conforming Loan Limits (Conventional)
1-unit 2-unit 3-unit 4-unit
Current $726,200 $929,850 $1,123,900 $1,396,800
New $750,000 $959,600 $1,159,800 $1,441,500
Change ↑ $23,800 ↑ $29,750 ↑ $35,900 ↑ $44,700

 

2024 HIGH-COST LOAN LIMITS, INCL. HAWAII AND ALASKA (CONVENTIONAL)

 

2024 High-Cost Loan Limits, including Hawaii and Alaska (Conventional)
1-unit 2-unit 3-unit 4-unit
Current $1,089,300 $1,394,775 $1,685,850 $2,095,200
New No change to Loan Limits in High-Cost Counties for 2024
2024 LOAN LIMITS (VA)

 

2024 Loan limits (VA)
1-4 units
Current $726,200
New $750,000

vmalendingcom
vmalendingcom

Recent Posts

ITIN Mortgage Loan: Home Financing for Borrowers Without a Social Security Number

The ITIN mortgage loan is a powerful financing option for individuals living and working in…

2 weeks ago

Asset Qualifier Mortgage: Buy or Refinance Using Your Assets Only

The Asset Qualifier loan program is a groundbreaking solution for borrowers who don’t meet traditional…

2 weeks ago

🏠 Foreign National DSCR Mortgage: The Easiest Way for International Buyers to Invest in U.S. Real Estate

Are you a foreign national looking to invest in U.S. real estate? With the Foreign…

2 weeks ago

Unlock Home Equity Without Refinancing: The Stand-Alone Second Mortgage for Self-Employed Borrowers & Investors

What Is a Stand-Alone Second Mortgage? A Stand-Alone Second Mortgage is a powerful loan option…

2 weeks ago

How DSCR Mortgages Make Financing Investment Properties Easier Than Ever

If you're an investor looking to grow your real estate portfolio without the hassle of…

2 weeks ago

Unlocking Home Equity with a Bank Statement HELOC: A Flexible Solution for the Self-Employed

If you're self-employed or a small business owner, qualifying for traditional home loans can be…

2 weeks ago