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County Loan Limits for Conventional and FHA Loans

byNicholas Auriemma, NMLS# 1455001
3 years ago
inPurchase, Refinance
County Loan Limits for Conventional and FHA Loans

County Loan Limits for Conventional and FHA Loans

For some mortgage companies, county loan limits can be lower due to not offering specific loan programs. In some cases, where the conventional conforming loan limit ends the jumbo loan begins. This article will go over:

  • Fannie Mae conforming loan limits.
  • Freddie Mac loan limits.
  • FHA loan limits.

Fannie Mae Conforming Loan Limits

For most counties, Fannie Mae conforming loan limits just changed in 2022:

  • $647,200 for a 1 unit property.
  • $828,700 for a 2 unit property.
  • $1,001,650 for a 3 unit property
  • $1,244,850 for a 4 unit property.

Some counties allow for higher loan amounts. For some lenders, where the Fannie Mae conforming loan limits end the jumbo loan begins. Freddie Mac loan limits are like Fannie Mae.

Freddie Mac Loan Limits

Freddie Mac loan limits can be found on the Federal Housing Finance Agency’s website. They offer tools to search conforming loan limits in all counties:

  • County loan limits PDF.
  • Conforming loan limits map.

Conforming Loan Limits – High-Cost Areas

The main advantage for the high balance conventional loan program is that you still can avoid the jumbo rate and get a conventional interest rate.

FHA Loan Limits

The U.S. Department of Housing and Urban Development makes it easy to look up FHA loan limits.

You can use their search tool to look up FHA or GSE mortgage limits by entering in the state, county, or Metropolitan Statistical Area. For loans that exceed FHA and conventional limits, jumbo portfolio loans are a great option while still offering a low down payment.

Jumbo Mortgage Options

Jumbo loans are considered portfolio loans. You may find that lenders guidelines vary. That is because they do not conform to Fannie Mae conforming loan limits, Freddie Mac loan limits, and FHA loan limits.

Jumbo loans have low down payment options starting at 5%.

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Nicholas Auriemma, NMLS# 1455001

Nicholas Auriemma, NMLS# 1455001

Nicholas Auriemma is a Loan Originator at Nationwide Mortgage & Realty, LLC, providing information on mortgages that can often be confusing even to real estate and mortgage professionals. Borrowers can be discouraged because mortgage professionals can be mistaken due to guidelines always changing, the extent of guidelines, their company having an overlay (stricter guideline), or other lenders not offering a loan program. Call or text Nick anytime at 630-779-8430 or email at nick@nationwidemtg.net.

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  • Home
  • Request Information
    • Apply Now
  • About Us
    • Career Opportunities
    • Contact Us
    • Meet the Team
  • Purchase
    • Conventional Loan
    • Condotel & Non-Warrantable
    • FHA Loan
    • FHA 203k
    • Fix & Flip
    • Investment
    • Jumbo & High Balance
    • New Construction
    • Non-QM Loans
    • USDA Loan
    • VA Purchase Loan
  • Refinance
    • Cash Out & Debt Consolidation
    • Conventional Refinance
    • Condotel & Non-Warrantable
    • FHA 203k
    • FHA Streamline Refinance
    • Investment
    • Non-QM Loans
    • Reverse Mortgage
    • VA IRRRL
  • Loan Process
    • Application Checklist
    • Credit Report
    • Home Buying Do’s and Don’ts
    • Interest Rates
    • Mortgage Calculator
  • Mortgage Blogs
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​Oakbrook Terrace, IL 60181
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