mortgage

New jumbo loan limits by state

Jumbo Loan Limits » New Jumbo Loan Limits By State

Mortgage loan limits were reduced in the country's higher-priced housing markets Oct. 1, 2011.

In most (but not all) U.S. counties, any mortgage of more than $417,000 is a jumbo loan -- and jumbo mortgages have higher interest rates than smaller loans. In counties with high home prices, borrowers are able to get mortgages for more than $417,000 without paying the higher jumbo interest rates.

Jumbo loan limits
Jumbo loan limitsWashington D.C.DelawareMarylandNew JerseyConnecticutRhode IslandMassachusettesNew HampshireVermontMaineNew HampshireVermontMassachusettesRhode IslandConnecticutNew YorkNewJerseyDelawareMarylandWashington D.C.PennsylvaniaWest VirginiaOhioMichiganIndianaKentuckyVirginiaNorth CarolinaSouth CarolinaTennesseeGeorgiaFloridaAlabamaMississippiIllinoisWisconsinMinnesotaIowaMissouriArkansasLouisiannaKansasOklahomaHawaiiAlaskaTexasNew MexicoArizonaCaliforniaNevadaUtahColoradoNebraskaWyomingSouth DakotaNorth DakotaMontanaIdahoOregonWashington

These high-cost counties still have loan limits, and the limits vary by county. Click on your state in this map to display a chart that lists these higher-cost counties. The chart lists the county's Federal Housing Administration loan limit and the Fannie Mae-Freddie Mac conforming loan limit. Because of a quirk in the law, the FHA loan limits are higher in some counties. That's ironic, because the FHA's intended customer base is low- and moderate-income borrowers.

If a county's name is not listed, then the FHA and Fannie Mae-Freddie Mac limit is $417,000.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Borrowers get $2.5B from Citi

About $2.5 billion of Citi's $7 billion settlement will go to consumers  ... Read more

advertisement
Partner Center
advertisement

Connect with us