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Conforming Loan Limits have increased for residential mortgage loans. The new limits as of January 1, 2006 are as follows:
Conforming Limits in the Continental United States:
- 1 unit 48 states: $417,000
- 2 units 48 states: $533,850
- 3 units 48 states: $645,300
- 4 units 48 states: $801,950
- Loan limit on second liens: $208,500
Conforming Limits in Alaska & Hawaii: - 1 unit Alaska and Hawaii: $625,500
- 2 units Alaska and Hawaii: $800,775
- 3 units Alaska and Hawaii: $967,950
- 4 units Alaska and Hawaii: $1,202,925
- Loan limit on second liens: $312,750
Conforming Loans greater than the amounts listed above are considered "JUMBO" Mortgages. Loan amounts that are at or less than those amounts listed are considered "conforming" and follow Fannie Mae and Freddie Mac guidelines. For historical data of Fannie Mae conforming loan limits, please click here.
PLEASE NOTE: LFS Home Loans is NOT LIMITED by the loan amounts listed above. We have special programs for qualifying borrowers under Jumbo, Alta-A, Alternate, Non-conforming, Non-Prime, Sub-Prime, Hard Money, and private investor programs. These limits only apply to conforming programs. If you need a loan amount greater than these limits, please call us at 1-866-812-4826.
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