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Florida Conforming Home loans are conventional loans that meet bank-funding criteria set by Fannie Mae (FNMA) and Freddie Mac (FHLMC). Both of these stock-holding companies buy Florida Home loans from lending institutions and secure them for resale to the investment community. Every year, from October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a Florida Conforming Home loans in a mean home price.

Buying back Home loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more Home loans. Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market - effectively decreasing the demand for non-conforming loans.

Florida Conforming Home Loans Limits:

Number of Units Maximum original principal balance Alaska, Guam, Hawaii, and U.S. Virgin Islands only
1 $417,000 $625,500
2 $533,850 $800,775
3 $645,300 $967,950
4 $801,950 $1,202,925

NOTE: The conforming home loan limit in Alaska, Hawaii, Guam and the Virgin Islands is 50% higher.