Max Conforming Loan Amount 2024. The limits are based on the median home value in each u.s. In 2024, you can borrow up to $766,550 on a conforming loan in most areas, marking a conforming loan limit increase of $40,350 from last year's numbers.

The new loan limit for most of the country will be $766,550 — a 5.56% increase over the 2023 limit — and is effective for whole loans delivered to fannie mae and loans in mbs pools with issue dates on or after jan. The new conforming loan limit set by the fhfa for 2024 is $766,550 (a hike of $40,350 compared to 2023’s baseline amount of $726,200).