2019 Mortgage Loan Limits Announced | Carlos Scarpero, VA Mortgage Specialist in Dayton, Ohio, NMLS #1674385

2019 Mortgage Loan Limits Announced

Check Your Mortgage Options for FREE!

Use one of our quick & easy tools to find out what you qualify for. 

The mortgage loan limits for 2019 have been announced. These are the maximum amounts that you can borrow on the various mortgage programs. 

These limits are set by the various government agencies involved in these programs. 

They typically increase annually as housing prices go up.

The limits listed below are for most markets. All Ohio counties are included in these limits.

Some high cost markets have higher maximum loan amounts. Loans that are above the nationally set maximum but under the local maximum are known as high balance mortgage loans.

FHA
  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525
High-cost areas are as follows:
  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Note: Some counties have loan limits that are between the low cost and high cost area.

Fannie Mae and Freddie Mac (Conventional mortgage loans)

  • One-unit: $484,350
  • Two-unit: $620,200
  • Three-unit: $749,650
  • Four-unit: $931,600
High-cost areas are as follows:
  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

VA

The mortgage loan limit on a VA zero down loan is the same as for Fannie Mae and Freddie Mac. You can go over the limit, but a down payment will be required

USDA

USDA mortgage loans have a limit of $484,350 for 2019 but anyone who qualifies for that much will likely be over the USDA income limit.

Need a mortgage over the limits listed above? You would need a jumbo mortgage loan. Call me at 937-572-3713 to see if you qualify.


Sharing is Caring!