Maximum Conforming Loan Limits 2024. A jumbo loan is a mortgage that exceeds the conforming loan limits set by the federal housing finance agency, or fhfa, which oversees fannie mae and. The baseline conforming loan limit for 2024 is $766,550, an increase of $40,350 from 2023.

Conforming loan limits update every year to adapt to the change in home prices. Can you find your dream home for less?