Advertisement
Image
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.