# Conforming Loan Limit Update

Source: https://www.gatewaycorrespondent.com/announcements/conforming-loan-limit-update

In anticipation of the FHFA announcement, Gateway Correspondent is increasing our Conventional loan limits effective immediately.


- Increased loan limits are effective for new locks for Conventional loans only.
- Government loan limits, Texas Veteran Land Board loans, and Specialty Lending products remain unchanged.
- Loans with AUS approve/ineligible results, solely due to the loan amount exceeding 2023 limits, but meeting the limits listed below are eligible for purchase by Gateway.  Please note, if a DU loan has more than just loan amount for ineligible feedback, we will request DU be re-run prior to loan purchase.  LPA loans must be ineligible only due to the loan amount exceeding the 2023 limits but fitting within the limits shown below.


 

**New Loan Limits**


| **Units** | **States (Excluding AK & HI)** | **AK & HI** |
| **1** | **$750,000** | **$1,125,000** |
| **2** | **$960,000** | **$1,440,400** |
| **3** | **$1,160,700** | **$1,741,100** |
| **4** | **$1,442,500** | **$2,163,800** |


 

**Please direct any questions to your Regional Sales Manager**