New Conforming Loan Limits 2024. As part of the nine priorities highlighted for the 2024 union budget, the limit of mudra loans limit will be enhanced to ₹20 lakh from the current ₹10 lakh for those who have availed and. For fha, the new conforming loan limit for 2024 is $498,257, marking a $60,000 increase over last year’s baseline.

Why does the maximum conforming loan limit increase each calendar year? New conforming loan limits for 2024.