In 2024, what is the conforming loan limit for a two-unit property in a standard cost area?
Correct Answer
B) $981,500
For 2024, the conforming loan limit for a two-unit property in standard cost areas is $981,500. Conforming loan limits increase for properties with more units, with specific multipliers applied to the baseline single-family limit of $766,550.
Why This Is the Correct Answer
For 2024, the conforming loan limit for a two-unit property in standard cost areas is $981,500. Conforming loan limits increase for properties with more units, with specific multipliers applied to the baseline single-family limit of $766,550.
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