Conforming, FHA loan limits rose for 2024, but who benefits?
Housing Wire
DECEMBER 1, 2023
Those loan types would require a larger down payment of at least 10% of the home’s value, or $80,000, which would stretch his budget too thin. Based on annual changes to an index of national home prices, conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac on one-unit properties will be $766,550 in 2024.
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