In markets where home prices are particularly high, the FHFA allows for larger loan limits. This higher loan limit is based on the area's median home values and may reach the maximum "ceiling ...

Mortgages that meet the support requirements of the two agencies are known as conforming loans. The Federal Housing Finance Agency (FHFA) sets the limit every year in November and is designated by ...

The Federal Housing Finance Agency, which oversees Fannie and Freddie, adjusts the baseline limit each year based on the ...

A jumbo loan is a type of mortgage that surpasses the conforming loan limit set by the Federal Housing Finance Agency (FHFA). Jumbo loans work similarly to regular mortgages, but they typically ...

Conventional mortgages are more in line with the needs of the average homebuyer. Jumbo mortgages are for properties with steep price tags, often in larger cities.

That's an increase of $79,000 from 2022, when the conforming loan limit was $647,200. This increase was widely anticipated given the significant home price appreciation seen this year. FHFA's ...

If you’re a veteran or active-duty service member, a mortgage guaranteed by the Department of Veterans Affairs (VA) could be your ticket to affordable homeownership. VA loan interest rates are ...