In {CURRENT_YEAR}, FHA loan limits in Harvest, within Madison county, AL, are set as follows: {DETAILS_LOAN_LIMIT_FHA1} for a single-family home, {DETAILS_LOAN_LIMIT_FHA2} for 2-unit residences, {DETAILS_LOAN_LIMIT_FHA3} for 3-unit dwellings, and {DETAILS_LOAN_LIMIT_FHA4} for 4-unit homes.
The maximum for conventional loans on single-family homes is {DETAILS_LOAN_LIMIT_CONVENTIONAL1}. It extends to {DETAILS_LOAN_LIMIT_CONVENTIONAL2} for 2-units, {DETAILS_LOAN_LIMIT_CONVENTIONAL3} for homes with 3 units, and {DETAILS_LOAN_LIMIT_CONVENTIONAL4} for 4-units.
To access today’s optimal FHA rates, utilize our FHA calculator. It will also help establish important qualifying factors such as down payment, income benchmarks, credit requirements, reserves, and documentation needed for a successful approval.
With the capability to compare FHA rates and terms against those from other loan options, the Lendersa® calculator covers Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans. This tool empowers you to thoroughly explore and decide upon the most suitable financial product.
Lendersa® efficiently gathers extensive program data from thousands of lenders and aligns it with your distinct financial profile and needs within seconds.
The Loan Limits Comparison Table for {CURRENT_YEAR} in Harvest, Madison, AL provides an overview to compare maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. For a thorough examination of qualification criteria—such as income, reserves, and credit—consider using 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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NMLS 1795154
