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Conforming Loans

Conforming loans typically refer to loan amounts that conform to government service standards as determined by Fannie Mae & Freddie Mac. These two government agencies, set up in the early 1940's, were established to help people finance new homes. The Conforming loan limit is $417,000 for single family homes. However, not all conforming loans are serviced by these government agencies.  Below are the current conforming loan limits for 1-4 unit/condos, primary residences, and second homes:

  • 1-unit: Up to $417,000
  • 2-unit: $533,850
  • 3-unit: $645,300
  • 4-unit: $801,950