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Mortgage Loan Limits

Written by Dan Green

Dan Green

Since 2003, Dan Green has been a leading mortgage lender and respected industry authority. His unwavering commitment to first-time home buyers and home buyer education has established him as a trusted voice among his colleagues, his peers, and the media. Dan founded Homebuyer.com to expand the American Dream of Homeownership to all who want it. Read more about Dan Green.

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Published: February 14, 2024

2024 Mortgage Loan Limits

Conforming Loans

FHA Loans

Property Type

2024 Loan Limit

1-Unit Homes

$766,550

2-Unit Homes

$981,500

3-Unit Homes

$1,186,350

4-Unit Homes

$1,474,400

Source: Federal Housing Finance Agency; Federal Housing Administration

What’s On This Page

This interactive tool shows 2024 conforming and FHA mortgage loan limits, and historical loan limits from 1970 to present. It also includes timely mortgage and home buyer statistics to help first-time buyers make informed home-buying decisions.

2024 Mortgage Loan Limits Announced For Every U.S. County

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Video Length: 05:01

Historical Charts: Mortgage Loan Limits

Mortgage loan limits adjust annually to match changes in the FHFA House Price Index.

Conforming Loans

FHA Loans

National Mortgage Statistics

Mortgage statistics are sourced from the FFIEC, which collects anonymous HMDA mortgage data from U.S. mortgage applications.

Loan Type

Relative Share

Conventional

72.41%

FHA

22.74%

4.76%

USDA

0.09%

Property Type

Relative Share

1-Unit Homes

95.59%

2-Unit Homes

3.32%

3-Unit Homes

0.35%

4-Unit Homes

0.74%

Borrower Status

Relative Share

One Borrower

13.10%

Two or More Borrowers

86.90%

Gender

Relative Share

Male

49.73%

Female

33.79%

Not Specified

16.47%

Race

Relative Share

American Indian / Alaska Native

0.17%

Asian

3.44%

Black / African American

13.47%

Native Hawaiian / Other Pacific Islander

0.09%

White

80.94%

Other

1.89%

Ethnicity

Relative Share

Hispanic or Latino

2.75%

Not Hispanic or Latino

96.03%

Mortgage data represents 2018-2022 closed-end, first-lien purchase mortgages for 1-4 unit residential properties. Source: FFEIC Home Mortgage Disclosure Act

Mortgage Loan Limits in the 10 Largest U.S. Counties

2024 conforming and FHA mortgage loan limits for the 10 largest U.S. counties. Local loan limits and county-level mortgage data updated regularly.

Los Angeles County, California

Cook County, Illinois

Harris County, Texas

Maricopa County, Arizona

San Diego County, California

Orange County, California

Miami-Dade County, Florida

Dallas County, Texas

Kings County, New York

Riverside County, California

What Is A Mortgage Loan Limit?

Mortgage loan limits are the upper boundaries for how much a home buyer can borrow on a mortgage. Loan limits vary by home type and county, with some counties receiving the high-cost areas designation.

The Federal Housing Finance Agency (FHFA) sets mortgage loan limits for conventional mortgages and the Federal Housing Administration (FHA) sets loan limits for FHA mortgages. In the U.S., the 2024 conforming mortgage loan limit for a 1-unit home is $766,550. The 2024 FHA mortgage loan limit for a 1-unit home is $498,257.

Conforming and FHA mortgage loan limits change annually to reflect changes in local and national home values. Loans that exceed conforming loan limit sizes are commonly called jumbo mortgages. In 2024, there are no mortgage loan limits for VA loans or USDA loans.

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