fbpx

Conforming Mortgage is a mortgage whose loan amount is equal to or less than the maximum dollar amount established by the limit set by the Federal Housing Finance Agency (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae. For 2020, the conforming loan limit for one unit properties is $510,400. For high-cost areas, at 150%, it will be $765,600.

Synonyms:
Conforming Loan
« Back to Glossary Index