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.
