Conforming loan limit
Conforming loan limit
A conforming loan limit is a cap on the dollar amount of a loan. Specific to mortgages, the conforming loan limit is an amount set annually by the Office of Federal Housing Enterprise Oversight (OFHEO). Loans made in excess of the limit are called jumbo loans, and aren't eligible for repurchase or guarantee by Fannie Mae and Freddie Mac.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
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