A conventional (also known as conforming) mortgage must abide by the guidelines set by Fannie Mae and Freddie Mac and may have either a fixed or adjustable rate. The maximum limit for a conforming loan depends on the county and state you live in. In Nebraska, the maximum loan limit is $417,000, as of October 9, 2013. The guidelines for conventional loans tend to be more rigid than government insured loans, but if you are planning on putting any money down on your home, this type of loan may be the best option. Our experts can help you make this decision.