For all conventional mortgage loans nationwide, any loan amount of $726,200 or less is what the mortgage industry refers to as ‘conforming.’ The lowest mortgage rate, with the lowest fees, will be on conforming loans – loan amounts of $726,200 or less.

For specific Counties across the US, there can be a category called ‘conforming high balance.’ Conforming high balance is for any loan amount of $726,201 or higher but does not exceed the established conforming high balance County loan limit. The Federal Housing Finance Agency, FHFA determines if a County has a conforming high balance loan limit.

Lastly, any loan in a County that exceeds the established conforming high balance County loan limit is considered a Jumbo loan.