For {CURRENT_YEAR}, the FHA loan limit in Demopolis, within Marengo county, AL, is {DETAILS_LOAN_LIMIT_FHA1} for a single-family home. When looking at 2-unit properties, the limit increases to {DETAILS_LOAN_LIMIT_FHA2}, for 3-units, it rises further to {DETAILS_LOAN_LIMIT_FHA3}, and climbs to {DETAILS_LOAN_LIMIT_FHA4} for homes with 4-units.
In terms of conventional loans, a single-family residence has a maximum loan amount of {DETAILS_LOAN_LIMIT_CONVENTIONAL1}. For homes with 2-units, the cap is {DETAILS_LOAN_LIMIT_CONVENTIONAL2}, increasing to {DETAILS_LOAN_LIMIT_CONVENTIONAL3} for 3-unit homes, and reaching {DETAILS_LOAN_LIMIT_CONVENTIONAL4} for 4-units.
To uncover today’s most competitive FHA rates, use our FHA calculator to also figure out the necessary downpayment, income, credit, reserves, and documents needed to qualify for a loan.
With the Lendersa® calculator, you can compare the terms and rates of FHA loans with various types of loans such as Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans.
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For {CURRENT_YEAR}, our Loan Limits Comparison Table in Demopolis, Marengo county, AL offers a look at maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To examine qualification criteria like income, reserves, and credit requirements, try 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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