Conforming Loan Limits 2024 Los Angeles Times

Conforming Loan Limits 2024 Los Angeles Times. The baseline limit for conforming loans stands at $766,550, serving as the maximum loan amount that fannie mae will acquire from a lending institution. The fhfa sets the conforming loan limit for los angeles county at $1,029,250 for 2024.

Each year, the fhfa adjusts the conforming loan limits based on its third quarter house price index. Conforming loan limits are based on home prices in counties and other places.