New Loan Limits For 2017! The mortgage loan limits have been changed for 2017. For Conventional loans the new limits are:
Conforming loans are:
| Units | ||
| 1 | $424,100 | |
| 2 | $543,000 | |
| 3 | $656,350 | |
| 4 | $815,650 |
For Conforming “High Balance” loans in designated high cost areas the new limits are:
| Units | ||
| 1 | $636,150 | |
| 2 | $814,500 | |
| 3 | $984,525 | |
| 4 | $1,223,475 |
Find more details on Conventional loan amounts click here.
Any Conventional loan amount which is higher than the above limits is considered a Jumbo loan (aka non-conforming) and is subject to different underwriting guidelines.
To look up FHA loan limits for your area click here.
To look up VA loan limits for your area click here.
To contact me to discuss your mortgage scenario, mortgage rates, or other mortgage questions, click here to schedule a call or you can email me directly.
Brian Martucci is a loan officer for Capital Bank Home Loans, a division of Capital Bank, N.A. He has been in the mortgage industry since 1986 and has served in a number of roles, including loan processor, loan officer, mortgage broker, branch manager, and vice president. Brian Martucci – NMLS# 185421. His opinions do not necessarily reflect the opinions and beliefs of Capital Bank Home Loans or Capital Bank. Capital Bank, N.A.- NMLS# 401599. Click here for the Capital Bank, N.A. “Privacy Policy”.
