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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.

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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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
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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
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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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
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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
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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
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
Rockingham 862,500 862,500
Strafford 862,500 862,500
ALL others Rockingham 766,550
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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
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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
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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
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
Billings 508,300 766,550
ALL others 498,257 766,550
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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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
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 736,000 766,550
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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
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County 2024 FHA Loan Limit 2024 Conventional Loan Limit
ALL 498,257 766,550
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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
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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
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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
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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.

Afterword

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.