Effective 12-01-2023, PHH will begin accepting new locks that meet the Federal Housing Finance Agency (FHFA) 2024 loan limits for Conventional Loans.
The following table contains the baseline loan limits: General Loan Limits:
General Loan Limits:
| Units |
Contiguous States, District of Columbia, and Puerto Rico |
Alaska and Hawaii |
| One |
$766,550 |
$1,149,825 |
| Two |
$981,500 |
$1,472,250 |
| Three |
$1,186,350 |
$1,779,525 |
| Four |
$1,474,400 |
$2,211,600 |
High-Cost Area Loan Limits:
** The high-cost area loan limits are established for each county (or equivalent) and are published on Fannie Mae’s website and on FHFA’s website. The following table contains the ceiling for the high-cost area limits for 2024.
| Units |
Contiguous States, District of Columbia, and Puerto Rico |
Alaska and Hawaii |
| One |
$1,149,825 |
Not Applicable |
| Two |
$1,472,250 |
| Three |
$1,779,525 |
| Four |
$2,211,600 |
Updated loan limits for FHA and VA loans will be announced upon notification from GNMA.
If you have any questions, please contact your Correspondent Specialist, Sales Executive/Correspondent Sales Representative, or contact us via the support line at 1-800-929-4744.
Thank you for your continued business.
Coming soon – PHH Mortgage is changing its name!
