Finance
The Federal Housing Finance Agency (FHFA) conforming loan limit for New Mexico determines:
AThe maximum property tax rate
BThe maximum loan amount eligible for purchase by Fannie Mae or Freddie Mac✓ Correct
CThe maximum purchase price for FHA loans
DThe minimum down payment for VA loans
Explanation
The FHFA sets conforming loan limits annually. Loans at or below the limit are conforming and eligible for purchase by Fannie Mae and Freddie Mac.
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