For all of Palm Beach and Martin County (in fact most of Florida) will have a loan limit of $766,550, an increase of $40,350 from 2023’s $726,200.
This is for all “conforming loans” meaning those which are underwritten by Fannie Mae and Freddie Mac in 2024 which is more than half of all U.S. loans.
According to FHFA’s data, house prices increased 5.56%, on average, between the third quarters of 2022 and 2023. Therefore, the baseline CLL in 2024 increases by the same percentage.
High-cost areas
For areas in which 115% of local median home values exceed the baseline – in most of Florida’s Monroe County, for example – the applicable loan limit is higher than the baseline limit. HERA also establishes the high-cost area limit, with a ceiling at 150% of the baseline limit.
Other loan limit resources
- List of 2024 conforming loan limits for all counties and county-equivalent areas in the United States.
- A map showing the 2024 conforming loan limits across the United States.
- Detailed addendum of the methodology used to determine the conforming loan limits.
- List of FAQs covers broader topics that may be related to CLL values.
- Questions about the 2024 CLL values may be addressed to [email protected].
- For more information, visit https://www.fhfa.gov/CLL.
