For the year {CURRENT_YEAR}, FHA loan limits in Semmes, Mobile county, AL, are set at {DETAILS_LOAN_LIMIT_FHA1} for a single-family dwelling. If you’re considering 2-unit properties, the threshold is {DETAILS_LOAN_LIMIT_FHA2}, while for 3-units, it rises to {DETAILS_LOAN_LIMIT_FHA3}, and for 4-units, the limit is {DETAILS_LOAN_LIMIT_FHA4}.
For conventional loans, the single-family home cap stands at {DETAILS_LOAN_LIMIT_CONVENTIONAL1}. Those with 2 units see a maximum of {DETAILS_LOAN_LIMIT_CONVENTIONAL2}, and for 3-units, it climbs to {DETAILS_LOAN_LIMIT_CONVENTIONAL3}. If the property consists of 4 units, the limit increases to {DETAILS_LOAN_LIMIT_CONVENTIONAL4}.
To explore today’s leading FHA rates, utilize our specialized FHA calculator. It helps in determining required downpayment, examining income requirements, credit scores, reserves, and documentation necessary for eligibility.
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The Lendersa® calculator allows you to compare FHA rates and terms with a range of other programs. Dive into options like Conventional loans, Jumbo loans, VA, USDA, Non-QM, and hard money loans. This tool facilitates a comprehensive comparison of various financial products.
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Consult the {CURRENT_YEAR} Loan Limits Comparison Table for Semmes, Mobile, AL to examine FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money maximum loans. For further insights into qualification criteria like income, reserves, and credit standards, make use of 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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