A conforming loan is a mortgage loan that conforms to Fannie Mae and Freddie Mac guidelines. In 2018, the conforming loan limit is set at $453,100 for single family homes. The conforming high balance loan limits vary by county with a maximum loan amount of $679,650 for single family homes. In addition to the loan limits for conforming loans, other guidelines include financing up to 97% of the sales price of a home and higher debt to income ratios. Any loan that does not meet Fannie Mae’s or Freddie Mac’s loan limits or guidelines is considered a non-conforming loan.
GuardHill specializes in conforming loans and can assist our clients with fast approvals and closings by using our automated underwriting systems that allow us to streamline the loan documentation process and guarantee day one certainty.