New Conforming and FHA Loan Limits for 2021 and what that means for you

February 1, 2021

New Conforming and FHA Loan Limits for 2021 and what that means for you:

We are all hearing that interest rates are at historic lows.  But what loans qualify for the lowest rates?  There are categories of mortgages that are backed by the Federal government that generally provide for the lowest rates, and also for some of the lowest downpayment options.  For example:
Did you know that with an FHA loan you can put as little as 3.5% down?
Did you know that with a Fannie/Freddie conforming conventional loan you can put 5% or 10% down?
This year, there has been a big increase in the loan limits for high balance areas – for single family homes it is 56,775 more than in 2020.  There are different limits for homes of two, three and four units as well.  Generally you need to occupy the building to qualify but not always.
Fannie/Freddie conforming and FHA loan limits for 2021
  • One Family:  $ 822,375 
  • Two Family:  $ 1,053,000 
  • Three Family:  $ 1,272,750 
  • Four Family:  $ 1,581,750
This was 2020:
  • One Family:  $ 765,600
  • Two Family:  $ 980,325
  • Three Family:  $ 1,184,925
  • Four Family:  $ 1,472,550
Let me know if you want to talk to a great lender to learn more!  As always I’m at or 415-269-4663.