New Conforming Loan Limits 2024. — the baseline conforming loan limit for 2024 is $766,550, an increase of $40,350 from 2023. — the new limits are effective for whole loans delivered, and mortgage loans delivered into mbs with pool issue dates on or after january 1, 2024.
This is the result of home prices rising 5.56% between the third quarters of 2022 and 2023. Each year, the fhfa adjusts the conforming loan limits based on its third quarter house price index (hpi).
