As of 2025, the FHA loan limit for New-Franklin county, located in Summit, OH, is set at $356,362 for single-family homes, $456,275 for homes with two units, $551,500 for three-unit properties, and $685,400 for four-unit residences.
For conventional loans on a single-family home, the maximum amount is $548,250. It is $702,000 for properties with two units, $848,500 for three-unit buildings, and $1,054,500 for those with four units.
Our FHA calculator can help you find today's leading FHA rates and understand how much downpayment, income, credit score, reserves, and documentation you need to qualify.
With the Lendersa® calculator, you can directly compare FHA rates and terms with those of various other loan programs. Discover and evaluate Conventional, Jumbo, VA, USDA, Non-QM, and hard money loan options as part of your FHA comparison.
Lendersa® procures loan data from thousands of lenders and swiftly compares it with your specific financial requirements.
For 2025, in New-Franklin county, Summit, OH, a Comparison Table of Loan Limits allows for the evaluation of maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Utilize the Lendersa® Super Loan Integrated Qualifier (SLIQ™) to analyze qualification requirements such as income, reserves, and credit.
| 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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