Max Conventional Loan Amounts for Atlanta, Georgia in 2017

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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.)

Max Conventional “Conforming” Loan Amounts in Atlanta

Conventional loan limits vary from one county to the next, and they are generally the same across an entire metro area. Here are the max conforming / conventional loan amounts for Atlanta, Georgia, and all of Fulton County:

  • One-unit: $424,100
  • Two-unit: $543,000
  • Three-unit: $656,350
  • Four-unit: $815,650

Note: A “one-unit” property is a regular single-family home. The other three limits apply to multi-family properties, such as duplexes and triplexes.

The limits shown above apply to conforming conventional loans. A “conforming” mortgage product is one that can be sold to Freddie Mac or Fannie Mae via the secondary mortgage market.

A home loan in Atlanta Georgia that exceeds the maximum amount shown above would be considered a jumbo mortgage loan. The eligibility requirements for borrowers seeking a jumbo loan are often stricter than those seeking a conforming conventional mortgage.

For instance, lenders sometimes require larger down payments and higher credit scores for home buyers seeking a jumbo loan (one that exceeds the conforming limits above).

For home buyers planning to purchase a single-family home in Atlanta, Georgia, the maximum conforming loan limit for a conventional mortgage product is $424,100. Anything above that would be considered a jumbo mortgage and might come with stricter qualification criteria.

Current Limits Are Well Above Median Home Values

The maximum conforming limit for a conventional loan in Atlanta, Georgia is currently higher than the median home value in the area.

According to the real estate information service Zillow, the median house value for Atlanta was $213,400, as of October 2017. While prices rose by nearly 10% over the previous 12 months, the median is still well below the conventional conforming loan limit for Atlanta.

As a result, we do not expect to see an increase in the max conventional loan amount for Atlanta in 2018.

Conforming loan limits are based on median home values, and federal housing officials review them each year to make sure they are keeping pace with home prices. In some cases, when house values within a particular county rise significantly over the course of the year, the loan limits are raised for the following year.

We do not expect to see an increase in conforming / conventional loan limits for Atlanta in 2018. The current single-family conventional home loan limit of $424,100 is well above the city’s median home value, as of October 2017.

But we are getting into speculation here. We won’t know for sure whether or not these limits will be raised for Atlanta until the end of November or December. That is typically when federal housing officials announce any revisions to FHA, conventional and VA loan limits for the following year. We will update our website to reflect any changes.

Summary of Key Points

The subject can be a bit confusing. So let’s recap some key points:

  • A conventional loan is one that is not guaranteed or insured by the government. This distinguishes it from FHA and VA loans, which do receive government backing.
  • When a conventional mortgage product meets the size restrictions used by Fannie Mae and Freddie Mac, it is referred to as a “conforming” loan. It can therefore be sold to the government-sponsored enterprises through the secondary mortgage market.
  • The maximum conforming amount for conventional home loans in Atlanta, Georgia is $424,100, as of 2017. This applies to all of Fulton County, as well as the broader Atlanta metropolitan area.
  • A conventional loan that exceeds $424,100 would be considered jumbo.

Disclaimer and notes: This article explains the max conventional mortgage amount in Atlanta, Georgia, for a conforming loan. The limits reported above were obtained from the Federal Housing Finance Agency. While we make every effort to ensure the accuracy of our content, there is always a chance for human error when transcribing. Please refer to the official source to learn more about loan limits in Atlanta.