Why agents care
Buyers near the limit may keep a conforming loan with a slightly larger down payment, which can affect pricing and requirements. Agents in higher-priced markets need to know the local limit.
Glossary term
Conforming loan limit
The conforming loan limit is the largest loan amount eligible for purchase by Fannie Mae and Freddie Mac. The FHFA sets it each year, with a baseline limit for most of the country and higher limits in designated high-cost areas. Loans above the applicable limit are jumbo loans.
Example
Example: the 2026 baseline one-unit limit is $832,750 (FHFA). A $900,000 purchase with $90,000 down needs an $810,000 loan, under the baseline limit.
Questions by topic
Conforming loan limit: common questions
Is the conforming limit the same everywhere?
No. High-cost counties have higher limits, up to a ceiling. Check the FHFA table for your county.
Does the limit change every year?
Usually. FHFA announces the next year's limits in late November based on home price changes.
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