Conforming Loans

Conforming loans have terms and conditions that follow the guidelines set by Fannie Mae and Freddie Mac. These two corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, packages the mortgages into securities and sell the securities to investors. By doing so, they provide a continuous flow of affordable funds for home financing that results in the availability of mortgage credit for Americans.

For every county and county-equivalent in the country, maximum loan limits for mortgages can be found here.