Denise Baker Stewart
(919) 795-1608

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  Loan Limit

We operate exclusively in the secondary mortgage market, where we help to ensure that money for mortgages is available to home buyers in every state across the country. In keeping with the mission to help more low-, moderate-, and middle-income people buy homes, our loan limits are adjusted each year, in response to changes in housing affordability nationwide.

The current loan limit for a single-family home is $322,700.* The maximum amount for any mortgage in Alaska, Hawaii, and the U.S. Virgin Islands is 50 percent higher than our loan limits in the rest of the country.

Generally, any mortgage above this limit is considered a "jumbo loan," and will carry a higher interest rate. The amount of money you would save buying a home with a 30-year mortgage financed by Fannie Mae can range from several thousand dollars to as much as $24,600 over the life of a 30-year mortgage.

*The loan limit is $413,100 for a two-family home; $499,300 for a three-family home; and $620,500 for a four-family home.


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