Conforming Loans

(insured by Fannie Mae/Freddie Mac)

Conforming Loans are loans that conform to GSE (aka Fannie Mae and Freddie Mac) guidelines. The Conforming loan limits for 2012 remain at previous set limits, $417,000 for a one family home. The minimum down payment is 3%, although it is much more beneficial to put at least 5% down. Private Mortgage Insurance and Escrow accounts will be required on loans with less than a 20% down payment. Borrowers will be subject to Loan Level Price Adjustments (LLPAs), set by the GSEs, based on credit score and Loan to Value ratio (LTV).


Click here for Conforming Loan information: Fannie Mae or Freddie Mac