What does “Conforming” or “Conventional” mean?

A Conforming or Conventional mortgage loan is a loan that falls within Fannie Mae or Freddie Mac’s criteria and standards for purchase.  They purchase about 80% of all conforming loans.

What are the criteria for a conforming loan?

  • In 2012, the single family home loan limit is $417,000.  A mortgage loan over the limit of $417,000 for a single family would be considered a jumbo loan. More on jumbo loans here.
  • Debt-to-income ratio limits. Currently that is 45%
  • Documentation requirements: employment verification, asset verification, appraisal, title, etc.
At GoGSF,  we have many programs designed with you in mind.


Call us for the specifics. We can help!

1-800-444-RATE (7283)