2013 Conforming & FHA Loan Limits

On Thursday the Federal Housing Finance Agency, which is the regulator of Fannie Mae and Freddie Mac, announced that conforming loan limits won’t change in 2013. Below is a summary of 2013 loan limits, a breakdown of the three loan tiers in the U.S., and rate differences between tiers.

2013 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 .25% to .5% higher than Tier 1 for loans to $2m.

2013 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 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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Related:
Max Loan Limits For Fannie/Freddie To Remain Unchanged In 2013 (FHFA)

FHA Mortgage Insurance Fee Overview