Special Considerations for the Conforming Loan Limit

Special Considerations for the Conforming Loan Limit

Lea Uradu, J.D. is graduate of the University of Maryland School of Law, a Maryland State Registered Tax Preparer, State Certified Notary Public, Certified VITA Tax Preparer, IRS Annual Filing Season Program Participant, Tax Writer, and Founder of L.A.W. Tax Resolution Services. Lea has worked with hundreds of federal individual and expat tax clients.

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What Is the Conforming Loan Limit?

The conforming loan limit is the dollar cap on the size of a mortgage that the Federal National Mortgage Association (known colloquially as Fannie Mae) and the Federal Home Loan Mortgage Corp. (aka Freddie Mac) will purchase or guarantee. Mortgages that meet the criteria for backing by the two quasi-government agencies are known as conforming loans.