Conforming Loan Limits 2024 Los Angeles City. Effective from january 1, 2024, the limits will rise,. A conforming loan is a mortgage that meets lending.
The federal housing finance agency (fhfa) has announced a $40,350 increase in the baseline conforming loan limit for mortgages backed by fannie mae and freddie mac to $766,550 in 2024. The conforming loan limits for 2024 have increased and apply to loans delivered to fannie mae in 2024 (even if originated prior to 1/1/2024).