Our advice is based on experience in the mortgage industry and we are dedicated to helping you achieve your goal of owning a home. We may receive compensation from partner banks when you view mortgage rates listed on our website.
Find the mortgage loan limits for any U.S. address
2023 Mortgage Loan Limits for Mecklenburg 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
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
Mecklenburg County, North Carolina, mortgage loan limits apply in:
Mecklenburg County 2023 mortgage loan limits include the following cities: Charlotte, Cornelius, Huntersville, Matthews, Pineville
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 Mecklenburg 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]
Video Length: 10:25
Mortgage Loan Limits Near Mecklenburg County, North Carolina
Get 2023 conforming and FHA mortgage loan limits for the areas surrounding Mecklenburg County, North Carolina. Local loan limits and county-level mortgage data updated regularly.
Historical Charts: Mortgage Loan Limits in Mecklenburg County, North Carolina
Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in Mecklenburg 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 Mecklenburg County, North Carolina
Mortgage statistics for Mecklenburg 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.
Mecklenburg County, North Carolina (2018-2022)
Loan Type
Relative Share
Conventional
82.79%
FHA
11.88%
VA
5.25%
USDA
0.08%
Property Type
Relative Share
1-Unit Homes
99.76%
2-Unit Homes
0.20%
3-Unit Homes
0.02%
4-Unit Homes
0.02%
Borrower Status
Relative Share
One Borrower
8.81%
Two or More Borrowers
91.19%
Gender
Relative Share
Male
54.09%
Female
33.62%
Not Specified
12.30%
Race
Relative Share
American Indian / Alaska Native
0.29%
Asian
9.62%
Black / African American
17.71%
Native Hawaiian / Other Pacific Islander
0.14%
White
69.94%
Other
2.30%
Ethnicity
Relative Share
Hispanic or Latino
9.59%
Not Hispanic or Latino
88.25%
Mecklenburg 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 Mecklenburg County, North Carolina
Get mortgage statistics for the areas surrounding Mecklenburg County, North Carolina.
See Today’s Mortgage Rates in Mecklenburg County, North Carolina
Homebuyer.com is the mortgage company for first-time home buyers. Check your eligibility for first-time home buyer programs and look at today's low down-payment mortgages. Get pre-approved online in just three minutes.
![Is Now A Good Time To Buy A House [September 2023]](https://homebuyer.com/wp-content/plugins/wp-youtube-lyte/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FsaZLvIuk6RI%2F0.jpg)
