Glossary
Conforming loan
A first mortgage that meets Fannie Mae and Freddie Mac purchase eligibility, including loan-amount limits and product requirements.
Conforming loans are eligible for delivery to the GSEs and benefit from the deepest secondary-market liquidity. The 2025 baseline 1-unit conforming limit is $806,500 nationwide; high-cost areas have higher ceilings up to $1,209,750.
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