Pennymac Joins Rocket Pro TPO, Raises Loan Limits – NMP Skip to main content

Pennymac Joins Rocket Pro TPO, Raises Loan Limits

Sep 16, 2024
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Staff Writer

Pennymac increased its conforming loan limit to $802,650

On Friday, Pennymac TPO joined Rocket Pro TPO in announcing an increase in their conforming loan limit to $802,650. Pennymac TPO’s increase will be effective for new broker locks today, Sept. 16.

Under the lender's updated guidelines, Alaska and Hawaii will see a significant increase, with the new loan limit set at $1,203,975. For 2024, the FHFA's conforming loan limits are $766,550 for the continental U.S. and $1,149,825 for Alaska and Hawaii.

Pennymac's new threshold represents a 4.71% increase over this year’s limit. The FHFA's official conforming loan limit for 2025 will be announced in November. 

About the author
Staff Writer
Sarah Wolak is a staff writer at NMP.
Published
Sep 16, 2024
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