Finance
A 'conforming loan limit' is the maximum loan amount that can be:
AInsured by FHA
BPurchased or guaranteed by Fannie Mae and Freddie Mac✓ Correct
COffered by any lender in Georgia
DApproved by the CFPB
Explanation
The conforming loan limit set annually by the FHFA is the maximum loan size that Fannie Mae and Freddie Mac can purchase. Loans above this limit are jumbo (non-conforming) loans.
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