Finance
What is the maximum conforming loan limit for a single-family home in most Vermont counties (as of recent years)?
A$300,000
B$417,000 (historical baseline)
C$726,200 (2023 baseline) or current FHFA limit✓ Correct
D$1,000,000
Explanation
Conforming loan limits are set annually by the FHFA and have been increasing due to rising home prices. As of 2023, the baseline conforming loan limit for single-family homes is $726,200 in most U.S. counties, including most Vermont counties. Loans above this limit are considered 'jumbo' loans.
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