2015 Home Loan Limits Announced!

Real Estate Agent with CHANE REALTY INC 3230505

With 2015 on the horizon, national home loan limits have been set, with no considerable changes from teh current 2014 loan limits.


For all of Florida, with a higher exception for Monroe County (the Florida Keys), maximum conventional loan limits, which encompass Fannie Mae and Freddie Mac loans, will remain as follows:

Single-Family:  $417,000

2-Units:  $533,850

3-Units:  $645,300

4-Units:  $801,950


In 2014 FHA lowered its loan limits, to much criticism.  2015 loan limits will remain the same:

Single-Family:  $345,000

2-Units:  $441,650

3-Units:  $533, 850

4-Units:  $663,450



For buyers with VA loans, the Veterans Administration does not have specific loan limits, since the loan limits are based on the amount a qualifiied Veteran with full entitlement may be able to borrow without making a down payment (yes, it's a bit confusing).  However, most lenders will utilize the conventional loan limits listed above as their guide.

Comments (1)

Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

This is't the best of news for us Floridians, for it could be worse I suppose. Thank you for the post Felix! Merry Christmas!

Dec 10, 2014 01:23 AM