Blog > Buying > New $750k Conventional Loan Limit Increase Announced! 

New $750k Conventional Loan Limit Increase Announced! 

Minute Mortgage is excited to honor the not-yet-announced 2024 conforming loan limit increase for conventional loans on single-family homes: $750,000!* That’s nearly 24k more than the 2023 amount of $726,200!

This increase offers greater flexibility and access to affordable options for those looking to pump up their buying power.

Bonus: Lock in Your Rate!

In conjunction with the new limit of $750,000, buyers pre-approved with Minute Mortgage can lock in their rate for up to 90 days as they shop for new homes with our Lock, Shop and Roll program.

Give yourself a huge advantage with Minute Mortgage — Apply to get pre-approved today!

 

*New limit of $750,000 is for 1-unit, single-family homes. Conforming Loan Limits for Conventional Loans, including current and new limits, as well as the change for different unit types, is listed below:

Unit Type 2023 Limit 2024 Limit Change

1-unit: 2023 Limit: $726,200 | 2024 Limit: $750,000 | Limit Change +$23,800

2-unit: 2023 Limit: $929,850 | 2024 Limit: $960,300 | Limit Change +$30,740

3-unit: 2023 Limit: $1,123,900 | 2024 Limit: $1,160,750 | Limit Change +$36,850

4-unit: 2023 Limit: $1,396,800 | 2024 Limit: $1,442,600 | Limit Change +$45,800

Increased loan limits for high-cost areas are available; please contact us for more information.

Article Summary

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Minute Mortgage is excited to honor the not-yet-announced 2024 conforming loan limit increase for conventional loans on single-family homes: $750,000!*

Minute Mortgage