What Are Conventional Loan Limits?
Conventional loan limits represent the maximum mortgage value allowed on single-family homes in the United States. These limits may change yearly, or they may remain stable for years at a time. Conventional loans differ from other types of loans in terms of their backing. Some loans are guaranteed by the federal government, through such agencies as the Federal Housing Administration (FHA) and the Veterans’ Administration. Conventional loans are not guaranteed or insured by the government.
