In January 2026, Devon applies for a $900,000 mortgage on a one-unit home in a typical U.S. county that uses the national baseline conforming limit. Which loan classification fits best?
Correct Answer
A) A jumbo non-conforming loan because it exceeds the baseline county limit
For 2026, FHFA set the baseline conforming limit for one-unit properties in most U.S. counties at $832,750. Because Devon's requested loan amount is $900,000 in a county using that baseline, the loan exceeds the conforming limit and is classified as jumbo, which is a non-conforming conventional loan.
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