For the year 2026, in Salem within the county of Essex, MA, the FHA loan limits are established at $828,000 for single-family homes. For properties with two units, the limit is $1,060,000; for those with three units, it's set at $1,281,300, and for four-unit dwellings, the limit is $1,592,350.
The upper limit for conventional loans on a single-family residence is $828,000. If the property contains two units, it rises to $1,060,000, reaching $1,281,300 for three-unit residences, and peaking at $1,592,350 for four-unit homes.
Access our FHA calculator to explore today’s top FHA rates, and to calculate the necessary downpayment, assess income, and determine credit score and reserve requirements, as well as necessary documentation for qualification.
The Lendersa® calculator offers the ability to contrast FHA rates and terms with a variety of other types of loans. This includes Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans, providing a comprehensive comparison.
Lendersa® swiftly procures loan data from thousands of lenders, matching it against your personal financial profile and unique needs.
Reference the Loan Limits Comparison Table for 2026 in Salem, situated in the county of Essex, MA, to compare the maximum permissible loan values for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money options. For a detailed comparison of eligibility requirements such as income, reserves, and credit review, use the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $828,000 | $1,060,000 | $1,281,300 | $1,592,350 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $828,000 | $1,060,000 | $1,281,300 | $1,592,350 |
| USDA | $675,000 | $675,000 | $675,000 | $675,000 |
| VA | $828,000 | $1,060,000 | $1,281,300 | $1,592,350 |
| 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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