Fannie Mae Loan Limits 2024. Simply put, a conforming loan is a mortgage that freddie mac and fannie mae are willing to buy or guarantee, given it squarely fits within their support criteria. That means the maximum amount a buyer can qualify for a fannie mae or freddie mac mortgage will increase.

The federal housing finance agency (fhfa) increased the baseline conforming loan limit for mortgages backed by fannie mae and freddie mac to $766,550 in 2024, marking a 5.5% increase from the current limit of $726,200. The new loan limit for most of the country will be $766,550 — a 5.56% increase over the 2023 limit — and is effective for whole loans delivered to fannie mae and loans in mbs pools with issue dates on or after jan.