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Conforming Loan Limits for 2024 The home-buying process is exciting yet complex, especially when dealing with mortgage options. The two common loan types, Federal Housing Administration and conventional loans, limit borrowing based on location. Find five key difference features of the FHA and conventional loan limits and make the best housing purchase choice.
What Are FHA Loan Limits? FHA loans are mortgage loans guaranteed by the government that enable buyers to put only as much as 3.5% as their down payment. These loans have maximum loan limits and are dependent on the FHA. The baseline FHA loan limit is set at a national floor; however, specific limits vary by county and depend on the median house price in your location.
For 2024, the basic FHA loan limit across most of the nation is $498,257 for a single-family house. Moreover, in more expensive real estate markets, the limit for FHA loans is $1,149,825 in the highest-cost places. FHA loan limits make lending more affordable, but you can qualify for more in the case of a conventional mortgage.
What Are Conventional Loan Limits? Conventional loans are mortgages that meet the criteria of Fannie Mae and Freddie Mac, two government-sponsored enterprises. County median home prices dictate the established baseline for conventional loan limits. In 2024, the standard limit for most areas is $ 766,550. That $1,149,825 is the top limit for the affordable housing market category.
Unlike Fannie Mae / Freddie Mac loans conventional loans do not require mortgage insurance with 20% or more down payment. The caps of their allowed amount is also higher giving you the advantage of investing in a pricier property. On the contrary, with a conventional loan, you’ll need a better credit score and a larger down payment.
Key Differences Between FHA and Conventional Loan Limits When researching mortgage options, pay close attention to the loan limits in your county and neighborhood housing costs. Here are some key distinctions:
FHA loans have lower down payment requirements but more conservative borrowing limits based on median home values. Conventional loans have higher limits but expect larger down payments. You’ll need a 580 FICO score for an FHA loan but often 720+ for a conventional mortgage. Credit history plays a bigger role than conventional loans. Conventional mortgages don’t have ongoing MIP payments but FHA loans do, increasing long-term costs. FHA loans can be an obstacle in more affluent neighborhoods where home prices exceed loan limits. Conventional loans work better in high-cost areas. The best loan type depends on your financial profile, down payment funds , and the pricing market in your desired location. Talk to a loan officer to map out whether an FHA or conventional mortgage is the optimal match.
Loan Limits 2024 Table Let's look at the loan amount for 2024 across different states and locations using the table provided below.
Alabama County 2024 FHA Loan Limit 2024 Conventional Loan Limit Autauga 498,257 766,550 Baldwin 498,257 766,550 Barbour 498,257 766,550 Bibb 498,257 766,550 Blount 498,257 766,550 Bullock 498,257 766,550 Butler 498,257 766,550 Calhoun 498,257 766,550 Chambers 498,257 766,550 Cherokee 498,257 766,550 Chilton 498,257 766,550 Choctaw 498,257 766,550 Clarke 498,257 766,550 Clay 498,257 766,550 Cleburne 498,257 766,550 Coffee 498,257 766,550 Colbert 498,257 766,550 Conecuh 498,257 766,550 Coosa 498,257 766,550 Covington 498,257 766,550 Crenshaw 498,257 766,550 Cullman 498,257 766,550 Dale 498,257 766,550 Dallas 498,257 766,550 Dekalb 498,257 766,550 Elmore 498,257 766,550 Escambia 498,257 766,550 Etowah 498,257 766,550 Fayette 498,257 766,550 Franklin 498,257 766,550 Geneva 498,257 766,550 Greene 498,257 766,550 Hale 498,257 766,550 Henry 498,257 766,550 Houston 498,257 766,550 Jackson 498,257 766,550 Jefferson 498,257 766,550 Lamar 498,257 766,550 Lauderdale 498,257 766,550 Lawrence 498,257 766,550 Lee 498,257 766,550 Limestone 498,257 766,550 Lowndes 498,257 766,550 Macon 498,257 766,550 Madison 498,257 766,550 Marengo 498,257 766,550 Marion 498,257 766,550 Marshall 498,257 766,550 Mobile 498,257 766,550 Monroe 498,257 766,550 Montgomery 498,257 766,550 Morgan 498,257 766,550 Perry 498,257 766,550 Pickens 498,257 766,550 Pike 498,257 766,550 Randolph 498,257 766,550 Russel 498,257 766,550 St. Clair 498,257 766,550 Shelby 498,257 766,550 Sumter 498,257 766,550 Talladega 498,257 766,550 Tallapoosa 498,257 766,550 Tuscaloosa 498,257 766,550 Walker 498,257 766,550 Washington 498,257 766,550 Wilcox 498,257 766,550 Winston 498,257 766,550
Alaska County 2024 FHA Loan Limit 2024 Conventional Loan Limit Aleutians East Borough 498,257 1,149,825 Aleutians West Census Area 545,100 1,149,825 Anchorage Municipality 498,257 1,149,825 Bethel Census Area 498,257 1,149,825 Bristol Bay Borough 498,257 1,149,825 Chugach Census Area 498,257 1,149,825 Copper River Census Area 498,257 1,149,825 Denali Borough 498,257 1,149,825 Dillingham Census Area 498,257 1,149,825 Fairbanks North Star Borough 498,257 1,149,825 Haines Borough 498,257 1,149,825 Hoonah-angoon Census Area 545,100 1,149,825 Juneau City And Borough 553,150 1,149,825 Kenai Peninsula Borough 498,257 1,149,825 Ketchikan Gateway Borough 498,257 1,149,825 Kodiak Island Borough 517,500 1,149,825 Kusilvak Census Area 498,257 1,149,825 Lake And Peninsula Borough 498,257 1,149,825 Matanuska-susitna Borough 498,257 1,149,825 Nome Census Area 498,257 1,149,825 North Slope Borough 498,257 1,149,825 Northwest Arctic Borough 498,257 1,149,825 Petersburg Census Area 498,257 1,149,825 Prince Of Wales-hyder Census Area 498,257 1,149,825 Sitka City And Borough 586,500 1,149,825 Skagway Municipality 524,400 1,149,825 Southeast Fairbanks Census Area 498,257 1,149,825 Wrangell City And Borough 498,257 1,149,825 Yakutat City And Borough 498,257 1,149,825 Yukon-koyukuk Census Area 498,257 1,149,825
Arizona County 2024 FHA Loan Limit 2024 Conventional Loan Limit Apache 498,257 766,550 Cochise 498,257 766,550 Coconino 498,257 766,550 Gila 498,257 766,550 Graham 498,257 766,550 Greenlee 498,257 766,550 La Paz 498,257 766,550 Maricopa 530,150 766,550 Mohave 498,257 766,550 Navajo 498,257 766,550 Pima 498,257 766,550 Pinal 530,150 766,550 Santa Cruz 498,257 766,550 Yavapai 498,257 766,550 Yuma 498,257 766,550
Arkansas County 2024 FHA Loan Limit 2024 Conventional Loan Limit Arkansas 498,257 766,550 Ashley 498,257 766,550 Baxter 498,257 766,550 Benton 498,257 766,550 Boone 498,257 766,550 Bradley 498,257 766,550 Calhoun 498,257 766,550 Carrol 498,257 766,550 Chicot 498,257 766,550 Clark 498,257 766,550 Clay 498,257 766,550 Cleburne 498,257 766,550 Cleveland 498,257 766,550 Columbia 498,257 766,550 Conway 498,257 766,550 Craighead 498,257 766,550 Crawford 498,257 766,550 Crittenden 498,257 766,550 Cross 498,257 766,550 Dallas 498,257 766,550 Desha 498,257 766,550 Drew 498,257 766,550 Faulkner 498,257 766,550 Franklin 498,257 766,550 Fulton 498,257 766,550 Garland 498,257 766,550 Grant 498,257 766,550 Greene 498,257 766,550 Hempstead 498,257 766,550 Hot Spring 498,257 766,550 Howard 498,257 766,550 Independence 498,257 766,550 Izard 498,257 766,550 Jackson 498,257 766,550 Jefferson 498,257 766,550 Johnson 498,257 766,550 Lafayette 498,257 766,550 Lawrence 498,257 766,550 Lee 498,257 766,550 Lincoln 498,257 766,550 Little River 498,257 766,550 Logan 498,257 766,550 Lonoke 498,257 766,550 Madison 498,257 766,550 Marion 498,257 766,550 Miller 498,257 766,550 Mississippi 498,257 766,550 Monroe 498,257 766,550 Montgomery 498,257 766,550 Nevada 498,257 766,550 Newton 498,257 766,550 Ouachita 498,257 766,550 Perry 498,257 766,550 Phillips 498,257 766,550 Pike 498,257 766,550 Poinsett 498,257 766,550 Polk 498,257 766,550 Pope 498,257 766,550 Prairie 498,257 766,550 Pulaski 498,257 766,550 Randolph 498,257 766,550 St. Francis 498,257 766,550 Saline 498,257 766,550 Scott 498,257 766,550 Searcy 498,257 766,550 Sebastian 498,257 766,550 Sevier 498,257 766,550 Sharp 498,257 766,550 Stone 498,257 766,550 Union 498,257 766,550 Van Buren 498,257 766,550 Washington 498,257 766,550 White 498,257 766,550 Woodruff 498,257 766,550 Yell 498,257 766,550
Сalifornia County 2024 FHA Loan Limit 2024 Conventional Loan Limit Alpine 503,700 766,550 Amador 498,257 766,550 Butte 498,257 766,550 Calaveras 498,257 766,550 Colusa 498,257 766,550 Del Norte 498,257 766,550 El Dorado 763,600 766,550 Fresno 498,257 766,550 Alameda 1,149,825 1,149,825 Contra Costa 1,149,825 1,149,825 Los Angeles 1,149,825 1,149,825 Marin 1,149,825 1,149,825 Gless 498,257 766,550 Monterey 920,000 920,000 Napa 1,017,750 1,017,750 Orange 1,149,825 1,149,825 Humboldt 498,257 766,550 San Benito 1,149,825 1,149,825 San Diego 1,006,250 1,006,250 Imperial 498,257 766,550 San Francisco 1,149,825 1,149,825 San Luis Obispo 929,200 929,200 Inyo 508,300 766,550 San Mateo 1,149,825 1,149,825 Kern 498,257 766,550 Santa Barbara 838,350 838,350 Santa Clara 1,149,825 1,149,825 Kings 498,257 766,550 Santa Cruz 1,149,825 1,149,825 Sonoma 877,450 877,450 Ventura 954,500 954,500 Lake 498,257 766,550 Lassen 498,257 766,550 Madera 498,257 766,550 Mariposa 498,257 766,550 Mendocino 546,250 766,550 Merced 498,257 766,550 Modoc 498,257 766,550 Mono 693,450 766,550 Nevada 644,000 766,550 Placer 763,600 766,550 Plumas 498,257 766,550 Riverside 644,000 766,550 Sacramento 763,600 766,550 San Bernardino 644,000 766,550 San Joaquin 656,650 766,550 Shasta 498,257 766,550 Sierra 498,257 766,550 Siskiyou 498,257 766,550 Solano 685,400 766,550 Stanislaus 517,500 766,550 Sutter 498,257 766,550 Tehama 498,257 766,550 Trinity 498,257 766,550 Tulare 498,257 766,550 Tuolumne 498,257 766,550 Yolo 763,600 766,550 Yuba 498,257 766,550
Colorado County 2024 FHA Loan Limit 2024 Conventional Loan Limit Alamosa 498,257 766,550 Archuleta 498,257 766,550 Baca 498,257 766,550 Bent 498,257 766,550 Chaffee 632,500 766,550 Cheyenne 498,257 766,550 Conejos 498,257 766,550 Costilla 498,257 766,550 Crowley 498,257 766,550 Custer 498,257 766,550 Delta 498,257 766,550 Dolores 498,257 766,550 Adams 816,500 816,500 Arapahoe 816,500 816,500 Boulder 856,750 856,750 Broomfield 816,500 816,500 Clear Creek 816,500 816,500 Denver 816,500 816,500 Douglas 816,500 816,500 Eagle 1,149,825 1,149,825 Elbert 816,500 816,500 Garfield 1,149,825 1,149,825 Gilpin 816,500 816,500 Jefferson 816,500 816,500 Park 816,500 816,500 El Paso 517,500 766,550 Fremont 498,257 766,550 Pitkin 1,149,825 1,149,825 Routt 1,012,000 1,012,000 San Miguel 1,045,350 994,750 Adams 816,500 816,500 Grand 747,500 766,550 Gunnison 633,650 766,550 Hinsdale 498,257 766,550 Huerfano 498,257 766,550 Jackson 498,257 766,550 Kiowa 498,257 766,550 Kit Carson 498,257 766,550 La Plata 655,500 766,550 Lake 498,257 766,550 Larimer 632,500 766,550 Las Animas 498,257 766,550 Lincoln 498,257 766,550 Logan 498,257 766,550 Mesa 498,257 766,550 Mineral 498,257 766,550 Moffat 498,257 766,550 Montezuma 498,257 766,550 Montrose 561,200 766,550 Morgan 498,257 498,257 Otero 498,257 766,550 Ouray 561,200 766,550 Phillips 498,257 766,550 Prowers 498,257 766,550 Pueblo 498,257 766,550 Rio Blanco 498,257 766,550 Rio Grande 498,257 766,550 Saguache 498,257 766,550 San Juan 517,500 766,550 Sedgwick 498,257 766,550 Summit 1,006,250 1,006,250 Teller 517,500 766,550 Washington 498,257 766,550 Weld 560,050 766,550 Yuma 498,257 766,550
Delaware County 2024 FHA Loan Limit 2024 Conventional Loan Limit Kent 498,257 766,550 New Castle 557,750 766,550 Sussex 498,257 766,550
Florida County 2024 FHA Loan Limit 2024 Conventional Loan Limit Alachua 498,257 766,550 Baker 564,650 766,550 Bay 498,257 766,550 Bradford 498,257 766,550 Brevard 498,257 766,550 Broward 621,000 766,550 Calhoun 498,257 766,550 Charlotte 498,257 766,550 Citrus 498,257 766,550 Clay 564,650 766,550 Collier 730,250 766,550 Columbia 498,257 766,550 Desoto 498,257 766,550 Dixie 498,257 766,550 Duval 564,650 766,550 Escambia 498,257 766,550 Flagler 498,257 766,550 Franklin 498,257 766,550 Gadsden 498,257 766,550 Gilchrist 498,257 766,550 Glades 498,257 766,550 Gulf 498,257 766,550 Hamilton 498,257 766,550 Monroe 929,200 766,550 Hardee 498,257 766,550 Hendry 498,257 766,550 Hernando 498,257 766,550 Highlands 498,257 766,550 Hillsborough 498,257 766,550 Holmes 498,257 766,550 Indian River 498,257 766,550 Jackson 498,257 766,550 Jefferson 498,257 766,550 Lafayette 498,257 766,550 Lake 498,257 766,550 Lee 498,257 766,550 Leon 498,257 766,550 Levy 498,257 766,550 Liberty 498,257 766,550 Madison 498,257 766,550 Manatee 547,400 766,550 Marion 498,257 766,550 Martin 546,250 766,550 Miami-dade 621,000 766,550 Nassau 498,257 766,550 Okaloosa 603,750 766,550 Okeechobee 498,257 766,550 Orange 498,257 766,550 Osceola 498,257 766,550 Palm Beach 621,000 766,550 Pasco 498,257 766,550 Pinellas 498,257 766,550 Polk 498,257 766,550 Putnam 498,257 766,550 St. Johns 564,650 766,550 St. Lucie 546,250 766,550 Santa Rosa 498,257 766,550 Sarasota 621,000 766,550 Seminole 498,257 766,550 Sumter 498,257 766,550 Suwannee 498,257 766,550 Taylor 498,257 766,550 Union 498,257 766,550 Volusia 498,257 766,550 Wakulla 498,257 766,550 Walton 603,750 766,550 Washington 498,257 766,550
Georgia County 2024 FHA Loan Limit 2024 Conventional Loan Limit Barrow 649,750 766,550 Bartow 649,750 766,550 Butts 649,750 766,550 Carroll 649,750 766,550 Cherokee 649,750 766,550 Clarke 546,250 766,550 Clayton 649,750 766,550 Cobb 649,750 766,550 Coweta 649,750 766,550 Dawson 649,750 766,550 DeKalb 649,750 766,550 Douglas 649,750 766,550 Fayette 649,750 766,550 Forsyth 649,750 766,550 Fulton 649,750 766,550 Greene 529,000 766,550 Gwinnett 649,750 766,550 Haralson 649,750 766,550 Henry 649,750 766,550 Jasper 649,750 766,550 Lamar 649,750 766,550 Madison 546,250 766,550 Meriwether 649,750 766,550 Morgan 649,750 766,550 Newton 649,750 766,550 Oconee 546,250 766,550 Oglethorpe 546,250 766,550 Paulding 649,750 766,550 Pickens 649,750 766,550 Pike 649,750 766,550 Rockdale 649,750 766,550 Spalding 649,750 766,550 ALL others 498,257 766,550
Hawaii County 2024 FHA Loan Limit 2024 Conventional Loan Limit Hawaii 517,500 1,149,825 Honolulu 779,700 1,149,825 Kalawao 1,000,500 1,149,825 Kauai 1,029,250 1,149,825 Maui 1,000,500 1,149,825
Illinois County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Indiana County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Iowa County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Kansas County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Kentucky County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Louisiana County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Maine County 2024 FHA Loan Limit 2024 Conventional Loan Limit Cumberland 546,250 766,550 Sagadahoc 546,250 766,550 York 546,250 766,550 ALL 498,257 766,550
Maryland County 2024 FHA Loan Limit 2024 Conventional Loan Limit Anne Arundel 667,000 766,550 Baltimore 667,000 766,550 Baltimore City 667,000 766,550 Calvert 1,149,825 1,149,825 Carroll 667,000 766,550 Cecil 557,750 766,550 Charles 1,149,825 1,149,825 Dorchester 498,257 766,550 Frederick 1,149,825 1,149,825 Harford 667,000 766,550 Howard 667,000 766,550 Montgomery 1,149,825 1,149,825 Prince George’s 1,149,825 1,149,825 ALL others 498,257 766,550
Massachusetts County 2024 FHA Loan Limit 2024 Conventional Loan Limit Barnstable 747,500 766,550 Berkshire 498,257 766,550 Bristol 736,000 766,550 Franklin 498,257 766,550 Hampden 498,257 766,550 Hampshire 498,257 766,550 Worcester 498,257 766,550 Dukes 1,149,825 1,149,825 Essex 862,500 862,500 Middlesex 862,500 862,500 Nantucket 1,149,825 1,149,825 Norfolk 862,500 862,500 Plymouth 862,500 862,500 Suffolk 862,500 862,500
Michigan County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Minnesota County 2024 FHA Loan Limit 2024 Conventional Loan Limit Anoka 515,200 766,550 Carver 515,200 766,550 Chisago 515,200 766,550 Dakota 515,200 766,550 Hennepin 515,200 766,550 Isanti 515,200 766,550 Le Sueur 515,200 766,550 Mille Lacs 515,200 766,550 Ramsey 515,200 766,550 Scott 515,200 766,550 Sherburne 515,200 766,550 Washington 515,200 766,550 Wright 515,200 766,550 ALL others 498,257 766,550
Mississippi County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Missouri County 2024 FHA Loan Limit 2024 Conventional Loan Limit Bates 431,250 766,550 Cass 431,250 766,550 Clay 431,250 766,550 Clinton 431,250 766,550 Ray 431,250 766,550 ALL others 498,257 766,550
Montana County 2024 FHA Loan Limit 2024 Conventional Loan Limit Broadwater 499,100 766,550 Carbon 754,400 766,550 Flathead 558,900 766,550 Gallatin 718,750 766,550 Missoula 546,250 766,550 Park 563,500 766,550 Ravalli 504,850 766,550 Stillwater 754,400 766,550 754,400 754,400 766,550 ALL others 498,257 766,550
Nebraska County 2024 FHA Loan Limit 2024 Conventional Loan Limit Dawson 603,750 766,550 Gosper 603,750 766,550 York 472,300 766,550 ALL others 766,550 766,550
Nevada County 2024 FHA Loan Limit 2024 Conventional Loan Limit Churchill 510,600 766,550 Douglas 657,800 766,550 Storey 621,000 766,550 Washoe 621,000 766,550 ALL others 498,257 766,550
New Hampshire County 2024 FHA Loan Limit 2024 Conventional Loan Limit Rockingham 862,500 862,500 Strafford 862,500 862,500 ALL others Rockingham 766,550
New Jersey County 2024 FHA Loan Limit 2024 Conventional Loan Limit Atlantic 498,257 766,550 Burlington 557,750 766,550 Camden 557,750 766,550 Cape May 557,750 766,550 Cumberland 498,257 766,550 Gloucester 557,750 766,550 Mercer 498,257 766,550 Salem 557,750 766,550 Warren 498,257 766,550 Bergen 1,149,825 1,149,825 Essex 1,149,825 1,149,825 Hudson 1,149,825 1,149,825 Hunterdon 1,149,825 1,149,825 Middlesex 1,149,825 1,149,825 Monmouth 1,149,825 1,149,825 Morris 1,149,825 1,149,825 Ocean 1,149,825 1,149,825 Passaic 1,149,825 1,149,825 Somerset 1,149,825 1,149,825 Sussex 1,149,825 1,149,825 Union 1,149,825 1,149,825
New Mexico County 2024 FHA Loan Limit 2024 Conventional Loan Limit Los Alamos 625,600 766,550 Santa Fe 541,650 766,550 ALL others 498,257 766,550
New York County 2024 FHA Loan Limit 2024 Conventional Loan Limit Bronx 1,149,825 1,149,825 Kings 1,149,825 1,149,825 Nassau 1,149,825 1,149,825 New York 1,149,825 1,149,825 Putnam 1,149,825 1,149,825 Queens 1,149,825 1,149,825 Richmond 1,149,825 1,149,825 Rockland 1,149,825 1,149,825 Suffolk 1,149,825 1,149,825 Westchester 1,149,825 1,149,825 ALL others 498,257 766,550
North Carolina County 2024 FHA Loan Limit 2024 Conventional Loan Limit Alamance 472,030 766,550 Alexander 472,030 766,550 Alleghany 472,030 766,550 Camden 690,000 766,550 Chatham 602,600 766,550 Currituck 690,000 766,550 Dare 617,550 766,550 Durham 602,600 766,550 Franklin 529,000 766,550 Gates 690,000 766,550 Johnston 529,000 766,550 Orange 602,600 766,550 Pasquotank 805,000 766,550 Perquimans 805,000 766,550 Person 602,600 766,550 Wake 529,000 766,550 ALL others 498,257 766,550
North Dakota County 2024 FHA Loan Limit 2024 Conventional Loan Limit Billings 508,300 766,550 ALL others 498,257 766,550
Ohio County 2024 FHA Loan Limit 2024 Conventional Loan Limit Delaware 546,250 766,550 Fairfield 546,250 766,550 Franklin 546,250 766,550 Hocking 546,250 766,550 Licking 546,250 766,550 Madison 546,250 766,550 Morrow 546,250 766,550 Perry 546,250 766,550 Pickaway 546,250 766,550 Union 546,250 766,550 ALL others 498,257 766,550
Oklahoma County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Oregon County 2024 FHA Loan Limit 2024 Conventional Loan Limit Benton 598,000 766,550 Clackamas 679,650 766,550 Columbia 679,650 766,550 Deschutes 690,000 766,550 Hood River 724,500 766,550 Marion 483,000 766,550 Multnomah 679,650 766,550 Washington 679,650 766,550 Yamhill 679,650 766,550 ALL others 498,257 766,550
Pennsylvania County 2024 FHA Loan Limit 2024 Conventional Loan Limit Bucks 557,750 766,550 Chester 557,750 766,550 Delaware 557,750 766,550 Delaware 557,750 766,550 Philadelphia 557,750 766,550 Pike 1,149,825 1,149,825 ALL others 498,257 766,550
Rhode Island County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 736,000 766,550
South Carolina County 2024 FHA Loan Limit 2024 Conventional Loan Limit Beaufort 546,250 766,550 Berkeley 586,500 766,550 Charleston 586,500 766,550 Dorchester 586,500 766,550 Jasper 546,250 766,550 ALL others 498,257 766,550
South Dakota County 2024 FHA Loan Limit 2024 Conventional Loan Limit ALL 498,257 766,550
Tennessee County 2024 FHA Loan Limit 2024 Conventional Loan Limit Cannon 943,000 943,000 CHEATHAM 943,000 943,000 Davidson 943,000 943,000 Dickson 943,000 943,000 Macon 943,000 943,000 Maury 943,000 943,000 Robertson 943,000 943,000 Rutherford 943,000 943,000 Smith 943,000 943,000 Sumner 943,000 943,000 Trousdale 943,000 943,000 Williamson 943,000 943,000 Wilson 943,000 943,000 Marion 943,000 766,550 McNairy 943,000 766,550 ALL others 498,257 766,550
Texas County 2024 FHA Loan Limit 2024 Conventional Loan Limit Atascosa 557,750 766,550 Bandera 557,750 766,550 Bastrop 571,550 766,550 Bexar 557,750 766,550 Caldwell 571,550 766,550 Comal 557,750 766,550 Dallas 563,500 766,550 Denton 563,500 766,550 Ellis 563,500 766,550 Guadalupe 557,750 766,550 Hays 571,550 766,550 Hunt 563,500 766,550 Johnson 563,500 766,550 Kaufman 563,500 766,550 Kendall 557,750 766,550 Tarrant 563,500 766,550 Travis 571,550 766,550 Williamson 571,550 766,550 Wilson 557,750 766,550 Wise 563,500 766,550 ALL others 498,257 766,550
Utah County 2024 FHA Loan Limit 2024 Conventional Loan Limit Box Elder 744,050 766,550 Davis 744,050 766,550 Grand 607,200 766,550 Juab 601,450 766,550 Morgan 744,050 766,550 Rich 579,600 766,550 Salt Lake 619,850 766,550 Summit 1,149,825 1,149,825
A notable fact is that starting in 2024, several states (including Alaska and Hawaii), Guam, Puerto Rico, and the U.S. Virgin Islands will not have any high-cost areas. This means there are no special limits for specific regions in those locations.
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Stay Updated With Conforming Loan Limits Nationwide As expected, loan limits increased this year in almost all states and counties across the US. Only five counties had unchanged limits, and there can be many reasons for this. What was significant is the fact that 20 high-cost counties shifted to standard limit areas. How exactly will this impact residents?
Homebuyers in counties with increased limits may both rejoice and worry. In theory, they can more easily get expensive mortgages, but this will surely drive up prices and competition. Homeowners in counties that shifted from high-cost to standard may benefit from lower mortgage rates but face declining home values due to reduced demand. Homebuyers in counties shifted to high-cost areas may face tighter credit requirements and higher rates but also see rising home values from increased demand for expensive mortgages. But what's the overall impact on the housing market? The expanded loan limits in most areas could spur demand and potentially increase home prices. The shift of some counties from high-cost to standard could alter local markets and housing affordability.