2021 Loan Limits

Loan limits are accurate as of December 7, 2020. Source: hud.gov

What are 2021 conforming loan limits?

The base conforming loan limit for 2021 increased from $510,400 to $548,250 for conventional home mortgages. The limit applies to one-unit properties like single family homes, condos, and townhouses. Homes in high-cost areas have limits as high as $822,375.

Fannie Mae and Freddie Mac buy conforming/conventional loans from mortgage lenders. Loan limits are county dependent and are higher in areas where average home prices exceed the base limit.

Our lookup tool updates annually with the most current Fannie Mae and Freddie Mac loan limits.

Conventional Loan Calculator

What are 2021 FHA loan limits?

FHA loan limits increased to $356,362 in most counties for one-unit homes. High-cost area limits are as high as $822,375.

Mortgage loans insured by FHA must fall within the established limits. Like conforming loans, FHA loan limits are county dependent and increase in areas with higher than average home prices.

FHA Loan Calculator

What are 2021 VA loan limits?

Beginning January 1, 2020, if the homebuyer has full entitlement, there is no VA loan limit. Veterans and eligible service members with full entitlement can use a VA loan to buy a home of any amount.

It is possible to have more than one VA loan. In cases where entitlement is not restored before closing, the maximum VA loan is calculated using the conforming loan limit.

VA Loan Calculator

About County Loan Limits

Each of the following loan programs have limits on the amount you can borrow when purchasing a new home. Some states and counties have higher limits. Use the adjacent tool to search loan limits in your area.

  • FHA loans generally have the lowest limits. It most counties the 2021 limit on a single family (one-unit) home is $356,362.
  • Conforming loans meet Fannie Mae and Freddie Mac loan standards. The limits are typically higher than FHA loans - 510,400 in most counties.
  • VA loans have no limit unless you have entitlement in use. You can have a second VA loan, but you may have to make a down payment.

Once you've determined the limit where you're buying, use our calculators to experiment with various monthly payments.

FHA VA USDA Conventional