Conforming loans are mortgages that meet the eligibility criteria set by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac. These loans adhere to specific guidelines regarding loan size, credit score, and other factors. One of the key conditions is the “conforming loan limit,” which represents the maximum loan amount eligible for purchase by these GSEs. This limit is updated annually by the Federal Housing Finance Agency (FHFA) to reflect fluctuations in the real estate market.
Florida Conforming Loan Limits for 2025
In 2025, the conforming loan limit in Florida for single-family homes is set at $726,200. For high-cost areas within the state, such as parts of Miami or Palm Beach, the limit can be higher—up to $1,073,000 (150% of the baseline limit). The FHFA raised these limits significantly in recent years, responding to the continued growth in home prices.
Georgia Conforming Loan Limits for 2025
For Georgia, the conforming loan limit for single-family homes in 2025 is $726,200. This limit applies to most areas in the state. However, for higher-cost regions such as parts of Atlanta, the limit can be higher—up to $1,073,000, in line with the 150% cap in high-cost areas. These limits reflect the growth in home prices and the dynamic real estate market in Georgia.
Jumbo Loans: Non-Conforming Financing
When a buyer requires a mortgage that exceeds the conforming loan limit, they will need to explore non-conforming loans—commonly referred to as jumbo loans. Jumbo loans are designed for high-value properties and are not eligible for purchase by Fannie Mae or Freddie Mac, which means they carry higher risks for lenders.
As a result, jumbo loans typically have more stringent qualification criteria than traditional conforming loans. These loans are essential for financing luxury properties, a significant portion of Florida’s and Georgia’s real estate markets. Jumbo loans can be used for primary residences, second homes, or investment properties, with both fixed-rate and adjustable-rate options available. They are often structured with 30-year terms.
Jumbo Loan Requirements
Here’s an updated list of typical jumbo loan requirements for 2025:
Key Differences Between Conforming and Jumbo Loans
For those purchasing high-end properties in Florida and Georgia, jumbo loans remain a crucial financing tool, providing opportunities for homebuyers to secure the properties of their dreams even in the face of rising real estate prices.