A Conforming Loan is a loan secured by a one to four unit property, including condos, co-ops and manufactured housing that conforms to Fannie Mae or Freddie Mac’s loan guidelines. Their guidelines are published on an annual basis. The maximum loan size is depicted below:
| Units | Conforming Loan Limit |
|---|---|
| 1 | $417,000 |
| 2 | $553,850 |
| 3 | $645,300 |
| 4 | $801,950 |