A type of conventional loan that conforms to Fannie Mae and Freddie Mac guidelines and falls within the published County loan limits.
A conforming loan is a type of conventional financing that “conforms” to Fannie Mae and Freddie Mac guidelines and falls within the published County loan limits. The conforming loan limit varies by both County and the number of units being purchased. The loan limits can be found here. Any loan amount that exceeds this limit or does not conform to Fannie/Freddie guidelines is considered “non-conforming.”