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Find the mortgage loan limits for any U.S. address
2023 Mortgage Loan Limits for Berkeley County, West Virginia
Conforming Loans
FHA Loans
Property Type
2023 Loan Limit
1-Unit Homes
$726,200
2-Unit Homes
$929,850
3-Unit Homes
$1,123,900
4-Unit Homes
$1,396,800
Property Type
2023 Loan Limit
1-Unit Homes
$472,030
2-Unit Homes
$604,400
3-Unit Homes
$730,525
4-Unit Homes
$907,900
Source: Federal Housing Finance Agency; Federal Housing Administration
Berkeley County, West Virginia, mortgage loan limits apply in:
Berkeley County 2023 mortgage loan limits include the following cities: Falling Waters, Hedgesville, Inwood, Martinsburg
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 county and home type.
The Federal Housing Finance Agency (FHFA) sets mortgage loan limits for conforming mortgages and the Federal Housing Administration (FHA) sets loan limits for FHA mortgages. In Berkeley County, the 2023 conforming mortgage loan limit for a 1-unit home is $726,200. The 2023 FHA mortgage loan limit for a 1-unit home is $472,030.
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. As of 2023, there are no mortgage loan limits for VA loans or USDA loans.
Is Now A Good Time To Buy A House [September 2023]
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Mortgage Loan Limits Near Berkeley County, West Virginia
Get 2023 conforming and FHA mortgage loan limits for the areas surrounding Berkeley County, West Virginia. Local loan limits and county-level mortgage data updated regularly.
Historical Charts: Mortgage Loan Limits in Berkeley County, West Virginia
Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in Berkeley County, so do the local loan limits. Changes in mortgage loan limits promote affordable homeownership, fair lending, and a balanced housing market.
Conforming Loans
FHA Loans
Mortgage Statistics from Berkeley County, West Virginia
Mortgage statistics for Berkeley County, sourced from the Home Mortgage Disclosure Act (HMDA) database, maintained by the Federal Financial Institutions Examination Council (FFIEC). The HMDA database contains detailed, anonymous loan data and provides insight into home buyer traits, mortgage borrowing patterns, and mortgage approval rates. Percentages may not total 100% due to rounding.
Berkeley County, West Virginia (2018-2022)
Loan Type
Relative Share
Conventional
36.49%
FHA
24.44%
VA
15.77%
USDA
23.30%
Property Type
Relative Share
1-Unit Homes
99.72%
2-Unit Homes
0.22%
3-Unit Homes
0.05%
4-Unit Homes
0.01%
Borrower Status
Relative Share
One Borrower
21.68%
Two or More Borrowers
78.32%
Gender
Relative Share
Male
47.55%
Female
25.84%
Not Specified
26.61%
Race
Relative Share
American Indian / Alaska Native
0.36%
Asian
2.65%
Black / African American
8.03%
Native Hawaiian / Other Pacific Islander
0.18%
White
86.45%
Other
2.33%
Ethnicity
Relative Share
Hispanic or Latino
6.11%
Not Hispanic or Latino
91.98%
Berkeley County data represents closed-end, first-lien purchase mortgages for residential properties, 1-4 units, for the 5-year period 2018-2022. Source: FFEIC Home Mortgage Disclosure Act
Mortgage Statistics Near Berkeley County, West Virginia
Get mortgage statistics for the areas surrounding Berkeley County, West Virginia.
See Today’s Mortgage Rates in Berkeley County, West Virginia
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