In the year {CURRENT_YEAR}, the FHA loan limits within the county of Monroe, situated in Monroeville, AL, are defined as follows: {DETAILS_LOAN_LIMIT_FHA1} for a single-family home, {DETAILS_LOAN_LIMIT_FHA2} for 2-unit properties, {DETAILS_LOAN_LIMIT_FHA3} for 3-unit homes, and {DETAILS_LOAN_LIMIT_FHA4} for 4-units.
The maximum limit on conventional loans for a single-family residence is {DETAILS_LOAN_LIMIT_CONVENTIONAL1}. For properties with 2-units, the cap is {DETAILS_LOAN_LIMIT_CONVENTIONAL2}. Those with 3-units have a limit of {DETAILS_LOAN_LIMIT_CONVENTIONAL3}, and for 4-unit homes, the allowable amount is {DETAILS_LOAN_LIMIT_CONVENTIONAL4}.
To explore today's top FHA rates, use our FHA calculator, which will also help you determine the necessary down payment, income, credit requirements, reserves, and documentation needed to qualify.
The Lendersa® calculator enables users to compare FHA loan rates and terms with those of other financial products, such as Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans. Delve into each option to find the best fit for your needs.
Lendersa® compiles detailed loan program data from thousands of lenders into a comprehensive system that enables instantaneous comparisons tailored to your financial profile and preferences.
Ensure to consult the Loan Limits Comparison Table for {CURRENT_YEAR} in Monroeville, Monroe, AL, which compares FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans to reveal maximum amounts available. For assessing income, reserves, and credit qualifications, leverage 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
