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Conforming Loans

Conforming Loans

Conforming Loans:
Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC). 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.

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.

2018 Conforming Loan Limits:

Number of Units Maximum original principal balance
1 $453,100
2 $580,150
3 $701,250
4 $871,450

Licensing

AK Bell Inc. NMLS # 2066
dba Bell Financial Group

Licensed in
AZ MB# 1039479
ID MBL# 5631
Montana, Utah, and Wyoming

Contact Us

Bell Financial Group
1833 E 17th Street
Idaho Falls, ID 83404
(208) 932-4559

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