John C Brandy, Financial Consultant (Hourly)
@brandyjc
It's exactly the same thing as a "non-conforming" loan. That is, for 2016, the loan limit for "conforming" is $417,000. There's 39 counties with more expensive houses and therefore higher conforming limits, but that's only 39 in the whole country.
Here's a direct link to the FHFA website where they set those rates.
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