Conventional loans are a popular choice for many aspiring homeowners due to their flexibility and competitive terms. However, understanding the limits associated with conventional loans is pivotal before embarking on your home-buying journey. The loan limit is the maximum amount a borrower can request without venturing into jumbo loan territory. It's essential to grasp how these limits are set and how they impact your purchasing power.   The Basics of Conventional Loan Limits Conventional loan limits are dictated by the Federal Housing Finance Agency (FHFA). Annually, the FHFA evaluates the average home prices across the nation, using this data to...