Conforming Loans


Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae and Freddie Mac. Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community. Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.

Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans. Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market - effectively decreasing the demand for non-conforming loans.

Conforming Loan Limits:
Number of Units Maximum original principal balance Alaska, Guam, Hawaii, and U.S. Virgin Islands only
1 $417,000 $625,500
2 $533,850 $800,775
3 $645,300 $967,950
4 $801,950 $1,202,925

NOTE: The conforming loan limit in Alaska, Hawaii, Guam and the Virgin Islands is 50% higher.

Prequalify for a Conforming Loan

If you’d like to get a quote on a conforming loan and/or want to know what other loan programs you may be eligible for,  click here to get started and a member of our Team will contact you within one business day. It’s that simple! Come on, Call The Money Man, and let us show you what makes us different.

Along with Conforming Loans we also specialize in the following loans in Metro St. Louis, St. Charles, Franklin, Jefferson, and Lincoln counties:

Metro St. Louis Jumbo Loans
Metro St. Louis VA Loans
Metro St. Louis FHA Loans
Metro St. Louis Conventional Loans
Metro St. Louis Fixed Rate Loans
Metro St. Louis Rural Development Loans

We strive on customer satisfaction, and will find the perfect loan that fits your needs. Feel free to pre-qualify or give us a call 314.744.7806

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