Conforming Loans

Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC). Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community. All year round, Fannie Mae and Freddie Mac are working for you, establishing limits on what constitutes a conforming loan in a mean home price. Buying back mortgage loans allows these agencies to provide a continuous flow of affordable funding to banks that reinvest money back into additional mortgage loans. Fannie Mae and Freddie Mac exclusively buy loans that are conforming, to repackage into the secondary market and effectively decreasing the demand for non-conforming loans.


Conforming Loan Limits for 2020:

Number of Units Maximum original principal balance
1 $510, 400
2 $653, 550
3 $789, 950
4 $981, 700

Please contact us for the high balance loan limits in your specific County or to learn about our Jumbo loan programs.

Andre Enriques Mortgage Banker - VA Loan Expert is located in Chula Vista, and works with conforming loans around the county, including San Diego, National City and surrounding areas.