Finance
In Missouri, a 'conforming loan' must have a loan amount at or below:
A$250,000
BThe FHFA conforming loan limit (which is adjusted annually)✓ Correct
C$1,000,000
DA limit set by Missouri law
Explanation
A conforming loan must meet Fannie Mae/Freddie Mac guidelines including the FHFA loan limit, which is adjusted annually. In 2024, the baseline limit was $766,550 for single-family homes.
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