Conventional Loan Limits have increased for 2025 from $766,550 for a 1 Unit Property up to $806,500. This new maximum baseline conforming loan limit is effective January 1, 2025. Conventional Loans are backed by Fannie Mae and Freddie Mac. The announcement was made November 26, 2024 by the Federal Housing Finance Agency (FHFA). Primary Residential Mortgage is taking applications as of 11/26/2024 at the new higher loan limits on conventional loans and not waiting until January 1, 2025. If you would like to apply for a Conventional Loan, give the John Thomas Team a call at 302-703-0727 or APPLY ONLINE. Keep Reading...