What is the 2024 Massachusetts Conforming Jumbo Loan amounts and at what Mortgage Limit Does the Jumbo Start?
The new 2024 Massachusetts Conforming Jumbo Loan amounts, and for New Hampshire, and Maine is as follows:
Single-family or condo $766,550
Duplex $981,500
Three family $1,186,350
Four family $1,474,400
The conforming programs are for 30-year fixed-rate mortgages and offer low downpayment options. They also include first-time home-buyer benefits. All programs are backed by the strength of Fannie Mae and Freddie Mac’s low interest rate pricing.
Conventional mortgage application down payments for single-family homes start with as little as 1% down payment and are also eligible for Down Payment Assistance (DPA) programs.
New for 2024 you can now seek a 5% downpayment for a two-family, three-family, or four-family house that you plan to live in (one of the units).
[If PMI is needed to get the deal done, both of these conforming programs allow you a choice. Monthly PMI (for a defined period of time unlike FHA’s “forever” mortgage insurance). Or Upfront PMI (no monthly payment). This option we’ve seen paid for ENTIRELY with a Sellers Concession towards Buyer’s Closing Costs. Hint: if you don’t ask for it, you’ll never receive it). Sellers concessions can also pay of a Hybrid PMI program. The hybrid mixes a smaller Up-Front Premium with a reduced monthly payment – again for a defined-to-the-day schedule with no cancellation activity EVER required.]
The Fannie Mae Conforming Loan Limit also has a big sister.
This program is referred to as Agency High Balance or Super Conforming.
Increased loan amounts are derived Per County:
Single-family or condo $862,500
Duplex $1,104,150
Three family $1,334,700
Four family $1,658,700
For instance, if are buying a house in the below counties you will receive the benefit of a larger loan limit. The larger limit will help keep you out of the Jumbo Mortgage product.
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High Balance counties:
Maine: None
New Hampshire: Rockingham County, Strafford County
Massachusetts: Essex County, Middlesex County, Norfolk County, Plymouth County, Suffolk County. Dukes County and Nantucket County come in at their own stratospheric limit of $1,149,825 for a single-family (call us for 2,3,4 unit limits).
Why do we want to avoid the Jumbo Mortgage?
It’s not so much avoiding the Jumbo. Really it’s all about preserving options and being aware of Massachusetts Conforming Jumbo Loan amounts.
The High Balance program allows you more access to what would otherwise BE a jumbo mortgage. Furthermore it allows you to put the two programs side-by-side and then select the best program for you.
As for true Jumbo financing (the inverse of the Conforming Loan Limit) – that’s a sweet spot for us.
GoldCoast pledges to deliver to you on our Jumbo offering a discounted interest rate on a 30-year fixed rate.
Considering a Jumbo ARM? Please don’t.
Deep a deep breath and know there are alternatives to Jumbo ARMs.
There really are. Please then read our scathing article on ARMs here.
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Related reading from GoldCoast
Down Payment Assistance in Massachusetts for Homebuyers goes deeper on that. Our guide Which Mortgage Company Should I Recommend to My Clients? 7 Critical Factors for Wealth Managers in Massachusetts, 2026 picks up the same thread.