Conventional Loan Limits 2024 India. In 2024, you can borrow up to $766,550 on a conforming loan in most areas, marking a conforming loan limit increase of $40,350 from last year's numbers. In response to escalating home prices in 2023, the federal housing finance agency (fhfa) has announced a 5.5% increase to the baseline (conventional) conforming loan.

Generally lower than conventional loans, varying by location. This is a significant increase from 2023’s cap of.