THE BASIS POINT

2012 Conforming & FHA Loan Limits

Below I’m re-posting 2012 Conforming and FHA loan limits for 1-4 unit properties so consumers have a clear, accurate breakdown of their options.

Doing so after investment advisor and blogger Scott Bell told me a great many are still unclear on loan limit changes that happened a few months ago. No wonder: there’s a myriad of laws that led to current levels, explained here for those interested.

County limit lookup links go to original sources. Rate spreads between loan tiers also included.

CONFORMING LOAN LIMITS

Tier 1-TRUE CONFORMING: Lowest rates for loans to these limits:
-$417,000 (1 unit)
-$533,850 (2 units)
-$645,300 (3 units)
-$801,950 (4 units)

Tier 2-HIGH-BALANCE CONFORMING: Rates .125 to .25% higher than Tier 1 for loans to these limits:
-$625,500 (1 unit)
-$800,775 (2 units)
-$967,950 (3 units)
-$1,202,925 (4 units)
-High-Balance limits vary by county: find yours here

Tier 3-JUMBO: Rates .5% to .75% higher than Tier 1 for loans to $2m.

FHA LOAN LIMITS

Tier 1-TRUE FHA: Lowest rates for loans to these limits:
-$417,000 (1 unit)
-$533,850 (2 units)
-$645,300 (3 units)
-$801,950 (4 units)

Tier 2-HIGH-BALANCE FHA: Rates often the same as Tier 1 for loans to these limits:
-$729,750 (1 unit)
-$934,200 (2 units)
-$1,129,250 (3 units)
-$1,403,400 (4 units)
-High-Balance limits vary by county: find yours here
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Further Reference:
Current Rates
WeeklyBasis market recap/outlook