For the year 2026, the FHA loan limits in Summit, part of Union county in NJ, are: $1,089,300 for single-family homes, $1,394,775 for two-unit properties, $1,685,850 for three-unit buildings, and $2,095,200 for four-unit residences.
Conventional loans have maximum amounts of $1,089,300 for a single-family home, $1,394,775 for a duplex, $1,685,850 for triplexes, and $2,095,200 for four-unit properties.
Use our FHA calculator to discover today’s competitive FHA rates and calculate the needed down payment, income, credit score, reserves, and other documentation required for qualification.
With the Lendersa® calculator, you can compare FHA rates & terms alongside those of other loan programs. Delve into comparisons with Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans, looking at how they measure up against FHA options.
Lendersa® efficiently accesses data from thousands of lenders, providing quick comparisons that align with your personal financial landscape and needs.
The Loan Limits Comparison Table for 2026 in Summit, Union, NJ allows examination of maximum loan amounts across FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. For details on qualification standards like income, reserves, and credit, use the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| USDA | $0 | $0 | $0 | $0 |
| VA | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| 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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