In {CURRENT_YEAR}, within New-Hope, Madison county of AL, the FHA loan limits are {DETAILS_LOAN_LIMIT_FHA1} for single-family homes, {DETAILS_LOAN_LIMIT_FHA2} for two-units, {DETAILS_LOAN_LIMIT_FHA3} for three-units, and {DETAILS_LOAN_LIMIT_FHA4} for four-unit properties.
Conventional loans have maximum amounts of {DETAILS_LOAN_LIMIT_CONVENTIONAL1} for a single-family house, {DETAILS_LOAN_LIMIT_CONVENTIONAL2} for two-unit residences, {DETAILS_LOAN_LIMIT_CONVENTIONAL3} for three units, and {DETAILS_LOAN_LIMIT_CONVENTIONAL4} for four units.
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The Lendersa® calculator provides the capability to compare FHA rates and terms with those of various other loan programs. Dive into exploring Conventional loans, Jumbo loans, VA, USDA, Non-QM, and hard money loans along with FHA options.
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The Loan Limits Comparison Table for {CURRENT_YEAR} in New-Hope, Madison county, of AL, compares maximum loan figures among FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. For comparing qualification criteria such as income, reserves, and credit, employ 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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