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Different Mortgage loan limits

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First published at 11:15 UTC on June 13th, 2024.

DDAMortgage

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For Conventional loans, limits are now at $766,550 before entering Jumbo territory. You can buy a home for $806,842 putting 5% down and still be Conventional.
Now for FHA the loan limit is $498,257. you can buy a home for $516,328 putting 3.5% down now
A VA mortgage can go up to $2,000,000 with no money down.
100% financing up to $2,000,000
With the cost of everything going up, it is nice to see the Government increasing the loan limits to accommodate the higher prices

tune in and learn at https://www.ddamortgage.com/blog

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