In 2026, the Conventional loan limit for Memphis, situated in Shelby County, TN, is $726,200, while the FHA limit for a single-family home is $472,030. These limits are crucial for homebuyers planning real estate investments in the area.
Utilize the Lendersa® Conventional loan calculator to effectively compare rates for Conventional, FHA, and USDA loans. Determine the necessary income, credit, reserves, and documents for qualification. Our advanced mortgage calculator shows Conforming Conventional loans alongside USDA, FHA, and VA options, simplifying the decision about the best program in TN for your specific financial scenario.
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| Loan Type | Loan Limit | Down Payment |
| Conventional Conforming | $726,200 | 3% |
| USDA | $336,500 | 0% |
| FHA | $472,030 | 3.5% |
This table is relevant for zip codes: 38120
The goal at Lendersa® is to secure the best possible Conventional, USDA, or FHA loans swiftly and with little hassle. Begin with one of these three options to find matching lenders and suitable loan programs.
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