We received some news on conforming loan limits for 2024.  Confirming loans are loans that meet the guidelines set out by the FHFA.  These conforming loans are then purchased by Fannie Mae and Freddie Mac then sold to investors.  Conforming loans offer lower interest rates and lower down payment requirements, but less flexibility in who can qualify, ie. conventional loans, FHA and VA loans.  Non-conforming loans do not meet the guidelines, comes with higher interest rates, larger down payment requirements, but more flexible in who can qualify, ie. jumbo loans and investment loans.  
In general, conforming loans are a good option for borrowers with good credit scores and who are buying a primary residence that meets Fannie Mae and Freddie Mac guidelines. Non-conforming loans may be a good option for borrowers with lower credit scores, who are buying a high-value property, or who have unique financing needs.

What are you seeing or hearing? I'd love to know paul@guiderealestate.com