Supreme Lending is proud to announce the conforming 2025 loan limits have increased and, the best part, the company is offering the raised loan limits today. For single unit properties, the conforming limit is now $800,000, up from $766,550.
While Fannie Mae and Freddie Mac will not officially announce the 2025 conventional loan limits until the end of November, we’re pleased to honor these new limits now – empowering more people to achieve homeownership as home prices rise. You may not have to wait until next year to make your homeownership dreams come true!
Supreme Lending 2025 Loan Limits Available Now
- 1-unit property – $800,000
- 2-unit property – $1,000,000
- 3-unit property – $1,200,000
- 4-unit property – $1,500,000
The increase is effective on all new loan applications taken on or after Wednesday, September 25, 2024.
What Are Conforming Loan Limits?
Conforming loan limits set the maximum amount borrowers can finance their home while still qualifying for a conventional loan backed by Fannie Mae or Freddie Mac. Why does this matter? Staying within these limits may result in more favorable terms, including competitive rates, easier qualification standards, and lower down payment requirements.
What Happens When You Exceed Loan Limits?
If you need a loan higher than the conforming limits, you may consider a Jumbo loan. This is a good option for larger home purchases—especially in high-cost housing markets. Jumbo loans can typically require a higher credit score or larger down payment amount.
Ready to Get Started?
The increased conforming 2025 loan limits are designed to keep pace with rising home prices, making homeownership more attainable for borrowers looking to finance higher amounts while still benefiting from conventional loan advantages.
Whether you’re a first-time homebuyer or looking to upgrade, these new limits may open doors to more flexible financing options. If you have any questions or want to see if you qualify for the new, higher loan limits, contact us today to get started! We’re here to help guide you through the loan process every step of the way.
Contact your local Supreme Lending branch today!