Conforming Loan Limits 2024 California. The minimum down payment for a purchase is 3% down or the minimum amount of equity in a home for a refinance is 3%. The federal housing finance agency (fhfa) has announced the conforming loan limit values (clls) for mortgages fannie mae and freddie mac (the enterprises) will acquire in 2024.

In pricey housing markets — including much of california, all of new york city, the district of columbia and the entire states of alaska and hawaii — the limit is $1,149,825, up from $1,089,300. The maximum financing threshold can vary from one lender to the next.