Conforming loans are mortgages that conform to financing limits set by the Federal Housing Finance Agency (FHFA) and meet underwriting guidelines set by Fannie Mae and Freddie Mac, whereas nonconforming loans do not. Conforming and nonconforming loans are both types of conventional loans.
To view Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar Year 2021 click here.