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In this guide, we will cover and discuss the conforming and FHA loan limits for standard and high-cost counties throughout the 50 states. Each state in the nation has conforming and FHA loan limits by county. The conforming mortgage loan limits by county are compiled from the Federal Housing Finance Agency (FHFA), HUD, the parent of FHA, which sets the FHA Loan limits by county in all 50 states. Each county in the individual state has FHA loan limits from the U.S. Department of Housing and Urban Development (HUD). We will cover the standard and high-balance mortgage loan limits by county. We will cover the Conforming and FHA loan limits by county in all 50 states, including Washington, DC, Puerto Rico, Guam, and the U.S. Virgin Islands.

The baseline conforming mortgage loan limits for single-family homes in standard areas is $647,200, for two-unit homes is $828,700, for three-unit homes is $1,001,650, and for four-unit homes is $1,244,850. Each state has counties that are classified as standard areas and areas that are classified as high-cost counties. HUD and the FHFA classify counties with average median prices of homes as standard areas. However, counties in each state where the cost of housing is above the national average are classified as high-cost areas.

What Are The Maximum VA Loan Limits?

The Veterans Administration (the VA) has eliminated VA loan limits. The VA no longer has maximum mortgage loan limits on VA loans no matter if the county in the state is classified as a standard or high-cost area. However, VA loans with loan balances greater than the standard conforming loan limit are called high-balance VA loans or Jumbo VA loans. We will explain why many home buyers question why there are two classifications of VA loans: Standard VA loans and high-balance VA loans.

FHA Loan Limits on Standard and High-Balance FHA Loans

2022 fha loan limits for first time homebuyersHomes in many counties in California, Alaska, Hawaii, Guam, and the U.S. Virgin Islands have homes exceeding the median home prices of 115% of the baseline loan limits by state and are considered high-cost areas where buyers can qualify for high-balance FHA loans and high-balance conforming loans. Home prices have been surging year after year throughout the nation with no sign of a housing correction. Every year, the Federal Housing Finance Agency (the FHFA) and HUD evaluate home prices nationwide. FHA and conventional conforming loan limits by county are the same in all standard areas throughout the United States. However, high-balance FHA and Conforming loans are higher than the standard FHA and/or conforming loan limits. High-cost loan limits by state depend on which county HUD and the FHFA consider high-cost counties.

What Are Conforming and FHA Loan Limits on Standard and High-Balance Loans