Loan Types
What is the difference between jumbo, conforming, and FHA loan limits?
Context
Loan size determines which set of rules and pricing a lender applies to your file.
The short answer
Conforming loans fall at or under the annual Fannie/Freddie limit; loans above it are jumbo and often have stricter credit, reserve, and down-payment requirements. FHA has its own county limits that sit between the two.
Things to keep in mind
Which bucket you land in affects pricing and guidelines, and limits are set annually, not by DMF.
Next step
DMF identifies your limit tier and shops lenders that price it best — contact us to check your loan amount.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.