Conforming loan limit jumps: government will back loans over $1M
The Federal Housing Finance Agency (FHFA) on Tuesday announced that the baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2023 will be $726,200, an increase of 12.21%, or $79,000, compared to 2022. Through the government sponsored enterprises, the federal government for the first time ever will back mortgage loans […]