Conforming Loan Limit Increase 2024. The fhfa announced today that the new limit for loans backed by fannie mae and freddie mac would be a whopping $766,550 in 2024. Mortgages backed by freddie mac and fannie mae in 2024 has increased from $726,200 to $766,550, an increase.

The fha announced limits for 2024 for its single family title ii forward and home equity conversion. Conforming loan limits increase based on the fhfa’s house price index.