A conforming loan is a mortgage that meets the dollar limits set by the Federal Housing Finance Agency (FHFA) and the funding criteria of Freddie Mac and Fannie Mae. For borrowers with excellent credit, conforming loans are advantageous due to their low interest rates.
Below is a map of the US with all its states and counties. Locate the key in the lower right hand corner to see what each color represents. Remember that every county within a state can have a different conforming loan limit, so be sure to check the county conforming loan limit for the county to which you plan to make a purchase. For more details on conforming loan limits or to ask specific questions, contact an LO today! Visit our Loan Officer page to find one in your area! OR you can scroll down and search for your area specifically to see those conforming loan limits.