In {CURRENT_YEAR}, the FHA loan limit for Centre county in Cherokee, AL is {DETAILS_LOAN_LIMIT_FHA1} for a single-family home, {DETAILS_LOAN_LIMIT_FHA2} for properties with 2-units, {DETAILS_LOAN_LIMIT_FHA3} for 3-unit homes, and {DETAILS_LOAN_LIMIT_FHA4} for 4-unit buildings.
The maximum amount for conventional loans on a single-family residence is {DETAILS_LOAN_LIMIT_CONVENTIONAL1}. For two units, it is {DETAILS_LOAN_LIMIT_CONVENTIONAL2}, for three units it’s {DETAILS_LOAN_LIMIT_CONVENTIONAL3}, and for four units, it reaches {DETAILS_LOAN_LIMIT_CONVENTIONAL4}.
Utilize our FHA calculator to discover today’s best FHA rates and determine the required downpayment, income, credit, reserves, and documents needed to qualify.
The Lendersa® calculator allows you to compare the rates and terms of FHA loans alongside those of other loan programs. Consider Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans in contrast to FHA.
By collecting data from thousands of lenders, Lendersa® provides comparisons tailored to your distinct financial profile and needs.
Our {CURRENT_YEAR} Loan Limits Comparison Table for Centre, in Cherokee, AL, offers insights into maximum amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To understand qualification criteria like income, reserves, and credit, utilize the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $472,030 | $604,400 | $730,525 | $907,900 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| USDA | $336,500 | $336,500 | $336,500 | $336,500 |
| VA | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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