Conforming Loan Limit Update

In anticipation of the FHFA announcement, Gateway Correspondent is increasing our Conventional loan limits effective immediately for 1-unit properties.

• Increased Conventional loan limits are effective with new locks on 1-Unit properties only.
• Loan limit increases for 2–4-unit properties will be updated for both standard and high balance loans after they are announced by FHFA.
• 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 2024 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 2024 limits but fitting within the limits shown below.

Units: 1  |  States (Excluding AK & HI): $802,650  |  AK & HI: $1,203,975