Fannie Mae Conforming Loan Limits 2024. The federal housing finance agency (fhfa) today announced that the maximum baseline conforming loan limits for mortgages acquired by fannie mae and freddie mac in 2024 will rise to $766,550, an increase of $40,350 from 2023. 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 federal housing finance.

All conforming loan limit values apply to the original loan amount of the mortgage loan, not to its balance at the time of purchase by fannie mae. Last year rocket, uwm and rate all started treating loans of up to $750,000 as if they were conforming in october.