What is a Conforming Mortgage?

A conforming mortgage is a type of mortgage loan that has to meet certain guidelines of Fannie Mae and Freddie Mac. The loan amount must also be at or below the conforming loan limit set by these two companies.

Did You Know?

Conforming loan limits are going to increase in 2018.

The loan limit varies by state and largely depends on where in the USA you wish to buy your dream home. For most of the USA, it is $424,100 but can even reach $636,150 in specific high-cost areas.

However, both Fannie Mae and Freddie Mac announced that they are raising the loan limits in 2018. The limits are going to be $453,100 in most states and $679,650 in some of the more expensive areas.

A conforming loan is essentially guaranteed by the government, which, as a result, makes conforming mortgages one of the most appealing loans to aspiring homeowners because of their competitive rates.

“Let’s Be Honest Here, Applying For A Home Loan Isn’t That Complicated. But To Pick The Right Loan That Resonates With Your Goals – Now That’s Another Story. That’s Where We Come In.”

Justin Haines, Founder

Conforming Mortgage is for you if:

– You’re a homebuyer with a solid credit profile.
– You’re seeking to apply for a mortgage that has lower interest rates and down payment.
– Your borrowing need doesn’t exceed your county limit.

Loan Features:

– You’re a homebuyer with a solid credit profile.
– You’re seeking to apply for a mortgage that has lower interest rates and down payment.
– Your borrowing need doesn’t exceed your county limit.

If you’re thinking about applying for a Conforming Mortgage, our experts are more than willing to help you.

Apply Now

Back to All Loan Types
Check out our other loan products to find the perfect mortgage for your needs.