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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
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%
VA
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.

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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Today's average 30-year fixed-rate mortgage rate is 6.5%. Get current mortgage rates for each U.S. address and check your eligibility for first-time home buyer programs with an Immedate Mortgage Approval by Homebuyer.com.


Mortgage Limits By State

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