Conforming Loan Limits

The current definition of jumbo loans depend on the current conforming loan limits. In turn, loan limits will are adjusted by Fannie Mae and Freddie Mac, as well as vary according on the number of units in the subject property. Each unit refers to one legal apartment.

As of January 2000, the maximum loan amount limits for conforming loan programs are as follows:

  • Single-unit home or condominium unit: $240,000
  • Two-unit residential properties: $207,000
  • Three-unit residential properties: $371,200
  • Four-unit residential properties: $461,350

Both Fannie Mae and Freddie Mac adjust their conforming limits—usually in cooperation with each other—to reflect increases in average home prices and mortgage loan amounts. These are the conforming (Fannie Mae and Freddie Mac) conventional loan limits.

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