2024 Conventional Loan Limit. That's up 5.56% from 2023, when the limit was $726,200. The projected increase in 2024 is approximately 3.28%, resulting in a new conforming loan limit of $750,000, up from $726,200 in 2023.
Fha loans can only be used to purchase (or refinance) primary. The fhfa bumped up lending limits for conventional conforming loans in 2024.