conforming loan limit


A limit on the size of a conventional mortgage that can be acquired or guaranteed by Fannie Mae and Freddie Mac. Loan limits are established each year by the Office of Federal Housing Enterprise Oversight. Loans that do not conform to the limits are classified as jumbo loans which operate outside the scope of Fannie Mae and Freddie Mac.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
conforming loan conforming mortgage