Throughout 2025, the loan limits for FHA in Sheffield-Lake county, which is part of Lorain, OH, are set as follows: a single-family home is limited to $356,362, for properties with two units, the cap is $456,275, three-unit homes have a maximum of $551,500, and the limit for those with four units extends to $685,400.
In contrast, the highest loan value allowed for a conventional loan on a single-family home is $548,250. If you have a building with two units, the maximum is $702,000; for three units, it is $848,500; and for four units, the limit is $1,054,500.
Our FHA calculator is a resource you can use to identify the most competitive FHA rates available today. It also assists in determining essential criteria like the necessary down payment, income thresholds, credit history, reserve requirements, and what documents are required for qualification.
You can view and compare loan offers presented by an array of 100 lenders
The Lendersa® calculator facilitates comparisons of FHA loan rates and terms with those from other available loan programs. Available options you can consider include Conventional loans, Jumbo loans, VA loans, USDA loans, Non-QM loans, and hard money loans in conjunction with FHA.
Collecting data from thousands of lending sources, Lendersa® rapidly evaluates the options against your personal financial situation and needs, ensuring you can make an informed decision in a timely manner.
For the year 2025, make use of our Loan Limits Comparison Table in Sheffield-Lake county within Lorain, OH. This table provides a detailed comparison of maximum loan amounts across various options including FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To also review qualification criteria such as required income, reserves, and credit factors, turn to 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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