FHA Jumbo Loan Limits for Home
A “Jumbo Mortgage”
is any single loan amount over
loan limit, which is currently
$417,000 for a one unit property
in the United State
also called non-conforming loans,
are mortgages with loan amounts
greater than the conforming
loan limit. The conforming loan
limit is set every January.
The current conforming loan
limit is $417,000.
hat is the Conforming
loan limit is the maximum loan
size eligible for purchase by
either Fannie Mae or Freddie
Mac, who purchase the underlying
securities from mortgage originators.
Those funds are then reinvested
in new mortgages, and the flow-of-funds
loan limit, or “Jumbo Loan amount”
is set every January. This year,
the limit for single-family
homes and condominiums is $417,000.
Quicken Loans conforming loan
limit has also been raised to
When a Loan Becomes
When a loan amount
is higher than the conforming
limit, it becomes a Jumbo Loan
– or non-conforming loan – with
slightly higher interest rates.
compared with historically low
mortgage rates, can bring greater
flexibility for some home buyers
to purchase the house they want
and make the payment they want.
FHA Loan Information
The FHA does not
lend money. The FHA (Federal
Housing Administration) is part
of HUD & backs individual
We are not affiliated with the Federal
Housing Administration, the Department
of Housing and Urban Development,
or any other government agency.
We are an FHA Educational Resource.
Our goal is to help you find
the best FHA Approved Lender
who can help you secure home financing.
When you fill
in our short application we will
provide your information to one,
(and only one!) FHA
Approved Lender who can help
you based upon many factors, including
your Credit Score, your
State Location, and the
Type of Loan you apply for