Conforming Loans

Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae and Freddie Mac. Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community. Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.

What is a Conforming Loan?

This list of conventional conforming loan programs includes:

95 % (LTV) Loan to Value No PMI
95 % or less (LTV) Loan to Value PMI or No PMI
REFI PLUS Fannie Mae Unlimited LTV/CLTV
(Combined Loan to Value)

Benefits of Conforming Loans

Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans. Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market – effectively decreasing the demand for non-conforming loans.

Conforming Loan Eligibility

Find out if you are eligible for conforming loans.

Conforming Loan Limits

Number of Units Maximum original principal balance  
1 $417,000  
2 $533,850  
3 $645,300  
4 $801,950  

We are conveniently located in Northern Virginia in the City of Fairfax. We offer a full line of conventional conforming loan programs to meet all of your purchase or refinance needs.

Call Rick Saunders at 703-281-RICK (7425) today for the best rate and terms for your Virginia mortgage needs.