For the year {CURRENT_YEAR}, FHA loan limits in Moores-Mill, located in Madison county, AL, are set as follows: {DETAILS_LOAN_LIMIT_FHA1} for a single-family home, {DETAILS_LOAN_LIMIT_FHA2} for homes with 2-units, {DETAILS_LOAN_LIMIT_FHA3} for properties with 3-units, and a ceiling of {DETAILS_LOAN_LIMIT_FHA4} for 4-units.
The highest amount for conventional loans on a single-family dwelling amounts to {DETAILS_LOAN_LIMIT_CONVENTIONAL1}. Properties with two units can go up to {DETAILS_LOAN_LIMIT_CONVENTIONAL2}, whereas those with three units reach {DETAILS_LOAN_LIMIT_CONVENTIONAL3}, and for four-unit homes, the limit is {DETAILS_LOAN_LIMIT_CONVENTIONAL4}.
Our FHA calculator is available to assess current FHA rates, guiding you in determining required down payment, required income, credit standards, reserves, and necessary documentation to qualify.
The Lendersa® calculator provides a means to compare the rates and terms of FHA loans with those of other loan programs, such as Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans.
It draws data from thousands of lending institutions, performing rapid comparisons against your distinct financial profile to identify suitable options.
The {CURRENT_YEAR} Loan Limits Comparison Table, located in the county of Madison, Moores-Mill, AL, offers insights into maximum loan figures for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To evaluate qualification criteria, including income, reserves, and credit, consider using the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $356,362 | $456,275 | $551,500 | $685,400 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $548,250 | $702,000 | $848,500 | $1,054,500 |
| USDA | $285,000 | $285,000 | $285,000 | $285,000 |
| VA | $548,250 | $702,000 | $848,500 | $1,054,500 |
| 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
