Fact Checked

2023 Mortgage Loan Limits: Johnston County, North Carolina

Dan Green
Author: Dan Green
Last Updated: July 28, 2023
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2023 Mortgage Loan Limits for Johnston County, North Carolina

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
Source: Federal Housing Finance Agency; Federal Housing Administration

Johnston County, North Carolina, mortgage loan limits apply in:

Johnston County 2023 mortgage loan limits include the following cities: Archer Lodge, Four Oaks, Micro, Pine Level, Princeton, Selma, Smithfield, Wilson's Mills

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 Johnston 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 $502,550.

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.

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Mortgage Loan Limits Near Johnston County, North Carolina

Get 2023 conforming and FHA mortgage loan limits for the areas surrounding Johnston County, North Carolina. Local loan limits and county-level mortgage data updated regularly.

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Historical Charts: Mortgage Loan Limits in Johnston County, North Carolina

Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in Johnston 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 Johnston County, North Carolina

Mortgage statistics for Johnston 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.

Johnston County, North Carolina (2018-2022)

Loan Type
Relative Share
Conventional
58.35%
FHA
16.72%
VA
14.25%
USDA
10.69%
Property Type
Relative Share
1-Unit Homes
99.88%
2-Unit Homes
0.10%
3-Unit Homes
0.02%
4-Unit Homes
0.01%
Borrower Status
Relative Share
One Borrower
14.56%
Two or More Borrowers
85.44%
Gender
Relative Share
Male
51.99%
Female
29.80%
Not Specified
18.21%
Race
Relative Share
American Indian / Alaska Native
0.40%
Asian
2.96%
Black / African American
17.74%
Native Hawaiian / Other Pacific Islander
0.20%
White
76.54%
Other
2.16%
Ethnicity
Relative Share
Hispanic or Latino
10.91%
Not Hispanic or Latino
86.67%
Johnston 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 Johnston County, North Carolina

Get mortgage statistics for the areas surrounding Johnston County, North Carolina.

See National 2023 U.S. Mortgage Statistics

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See Today’s Mortgage Rates in Johnston County, North Carolina

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