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