Conventional Loans are mortgage arrangements provided by lenders not sponsored by the government, adhering to standards outlined by Fannie Mae (FNMA) or Freddie Mac (FHLMC). These loans apply to primary residences, second homes, and investment properties. On an annual basis, Fannie Mae and Freddie Mac set loan limits for Conventional Loans.
Number of Units | Maximum Original Principal Balance |
1 | $ 726, 200 |
2 | $ 916, 000 |
3 | $ 1, 107, 000 |
4 | $ 1, 376, 000 |
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$1500
$897
$15
$130
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