Can I buy a home with less than 10% down? This is a common question among home buyers, especially first-time buyers who have limited funds saved up. The short answer is yes, it’s possible to buy a home with less than 10% down. In fact, the median down payment in 2017 was 5% for home […]
The Loan Limits Blog
How Much Can I Borrow for a Mortgage Loan Based on My Income?
“How much can I borrow for a mortgage loan based on my income?” This is one of the most common questions we received from our readers. The answer to this question has more to do with your debt-to-income ratio and your ability to repay the debt, rather than the loan limits featured on our website. […]
What Is a Jumbo Mortgage Loan, And How Do They Work?
In this tutorial, you’ll learn what is considered a jumbo loan. You’ll also learn how using a jumbo mortgage loan might affect you, as a borrower. In most parts of the country, a jumbo loan is any conventional mortgage product that exceeds the conforming loan limit of $453,100. In the more expensive real estate markets, that […]
2018 Texas FHA Loan Limits: Increased for Most Counties
The FHA loan limits for Texas were increased from 2017 to 2018. At least in most counties. The table below shows the current (2018) FHA loan limits for all 254 counties in Texas. The maximum mortgage amount for most of the state is $294,515, for a single-family home purchase. Higher limits are allowed in areas […]
Denver, Colorado FHA Loan Limits Lifted for 2018, Up to $529,000
The maximum FHA loan limit for Denver, Colorado will go up in 2018. The loan limit for a single-family home purchase will rise from $493,350 in 2017, to $529,000 in 2018. This change was made due to significant home-price gains that occurred during 2017, in Denver and also nationwide. See table below for all Colorado counties. […]
Phoenix, AZ Jumbo Loan Threshold Increased for 2018
The conforming loan limit for Phoenix, Arizona was increased from 2017 to 2018. That means that the Phoenix jumbo loan threshold will increase as well. In 2018, a mortgage that exceeds the conforming limit of $453,100 will be considered a jumbo loan in Phoenix. Phoenix Jumbo Loan: Anything above $453,100 In November 2017, the Federal […]
How Much House Can I Afford in Denver, Colorado, in 2018?
How much house can I afford to buy in Denver, Colorado, if I purchase a home in 2018? This is a common question among home buyers in the Mile-High City, especially since house values have risen steadily over the last couple of years. Here’s a look at current home prices, loan limits, and other factors […]
Max FHA Loan Amount for 2017: Will it Go Up in 2018?
The maximum FHA loan amount for 2017 is $636,150, for a single-family home purchase. That’s for “high-cost” areas with relatively high home prices, compared to the rest of the country. In more affordable real estate markets, the max FHA loan amount can be as low as $275,665, for a single-family home. See the table below […]
Max Conventional Loan Amounts for Atlanta, Georgia in 2017
Below you will find the current maximum conventional loan amounts for Atlanta, Georgia in 2017. These limits apply to conforming conventional loans that are not insured or guaranteed by the government. (If you would like to find the maximum amounts for FHA or VA mortgage loans, please use the appropriate link in the main menu.) […]
Maximum FHA Loan Amount for Orange County, FL (and Orlando)
Below you will find the maximum FHA loan amounts for Orange County, Florida as well as the entire Orlando metropolitan area. In 2017, the loan limit for a single-family home purchase is $277,150. They might go up in 2018, due to significant home-price gains that have occurred over the last year or so. Orange County, […]