Conforming, FHA loan limits rose for 2024, but who benefits?
Housing Wire
DECEMBER 1, 2023
Those loan types would require a larger down payment of at least 10% of the home’s value, or $80,000, which would stretch his budget too thin. By increasing the maximum loan amount, the change means that more borrowers will be able to get conforming loans instead of jumbo mortgages, which often are harder to qualify for.
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