Conforming Loan
Lending & MortgagesA mortgage that meets the guidelines set by Fannie Mae and Freddie Mac, including loan size limits.
Example
Example: Suppose you take out a $300,000 30-year fixed mortgage at 6.5%. Understanding conforming loan helps you see how your monthly payment of approximately $1,896 is structured — and how this concept affects your total cost over the life of the loan. Use our mortgage calculator to see how conforming loan impacts your specific situation.