a mortgage loan whose amount allows Freddie Mac and Fannie Mae, two government-sponsored enterprises, to buy the loan, repackage it as a security and sell it to investors
mortgage loan that is approved using guidelines issued by Fannie Mae and Freddie Mac. The maximum conforming loan amount is $227,150.
A loan which meets all requirements to be eligible for purchase or securitization by federal agencies other than FHA and VA.
The current conforming loan limit is $227,150 and below.
The current confirming loan limit is $333,700 and below.
The current conforming loan limit is $359,650 and below.
Any loan that meets the criteria and limits set forth by the largest buyers of loans
Any mortgage loan that's at or below the amount that Fannie Mae and Freddie Mac can purchase and/or securitize in the secondary mortgage market. As of January 2005, the loan limit is $359,650.
A mortgage which meets all requirements for Fannie Mae (FNM) or Freddie Mac (FHLMC).
Any mortgage loan that's at or below the amount that Fannie Mae and Freddie Mac can purchase and/or securitize in the secondary mortgage market. For 2001, the loan limit is $275,000. In 2000, it was $252,700.
A mortgage loan which meets all required (size, type and age) to be eligible for purchase or securitization by federal agencies.
A mortgage loan that conforms to regulatory limits such as loan-to-value ratio, term and other characteristics.
Mortgage loan that meets all requirements (size, type and age) to be eligible for purchase or securitization by Fannie Mae or Freddie Mac.
The current conforming loan limit is $240,000 and below.