We offer different types of terms to fit both new loan and refinancing needs. Get started to find out what's right for you and to understand all your options.
Conforming loans (loans adhering to government agency guidelines, at amounts up to $548,250 in most areas, and $822,375 in high-cost areas): There are no set maximum acreage limits on conforming loans, however, certain property types do not qualify as conforming loans. Property types not considered conforming loans include, but are not limited to, commercial, income-producing, or agricultural-type properties, such as farms, ranches, or undeveloped land, regardless of size.
Jumbo loans (loans that exceed conforming loan limits): Residential, non-agricultural, non income-producing properties up to and including 25 acres.
If you're unsure whether your property meets conforming loan requirements, we recommend contacting an Ally Loan Expert at 855-283-2559 before applying for your loan. If you decide to proceed with the application, an appraiser will visit the property to make the final determination.
