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2024 comes with new loan limits!

By
Mortgage and Lending with A and N Mortgage NMLS 19291 NMLS 37370

Exciting News for Homebuyers and Real Estate Professionals! 

2024 Conforming Loan Limits are here, and they bring great opportunities for home financing. ⁠

The new conforming loan limit set by the FHFA for 2024 is $766,550 (a hike of $40,350 compared to 2023's baseline amount of $726,200. ⁠

For FHA, the new conforming loan limit for 2024 is $498,257. ⁠

This is great news for potential homebuyers with the price of houses on the rise. ⁠


Comments(4)

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Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Dec 23, 2023 02:52 AM
GilbertRealtor BillSalvatore
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thanks for sharing, enjoy your weekend.

Happy Festivus day!

Bill

Salvatore Arizona Elite Properties.

Dec 23, 2023 03:28 AM
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Thanks for sharing Neena!!!!

The new conforming loan limit set by the FHFA for 2024 is $766,550 (a hike of $40,350 compared to 2023's baseline amount of $726,200. ⁠
For FHA, the new conforming loan limit for 2024 is $498,257. ⁠

This is great news for potential homebuyers with the price of houses on the rise.

Dec 23, 2023 03:53 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Neena. Thank you for the update. Good news for many as they begin their home search. Enjoy your day.

Dec 23, 2023 05:50 AM