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  Loan Limit

We operate exclusively in the secondary mortgage market, where we help to ensure that money for mortgages is available to home buyers in every state across the country. In keeping with the mission to help more low-, moderate-, and middle-income people buy homes, our loan limits are adjusted each year, in response to changes in housing affordability nationwide.

The current loan limit for a single-family home is $322,700.* The maximum amount for any mortgage in Alaska, Hawaii, and the U.S. Virgin Islands is 50 percent higher than our loan limits in the rest of the country.

Generally, any mortgage above this limit is considered a "jumbo loan," and will carry a higher interest rate. The amount of money you would save buying a home with a 30-year mortgage financed by Fannie Mae can range from several thousand dollars to as much as $24,600 over the life of a 30-year mortgage.

*The loan limit is $413,100 for a two-family home; $499,300 for a three-family home; and $620,500 for a four-family home.

 

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Savannah Multi-List Service is a large Internet real estate site with thousands of homes for sale and rent with photos and descriptions. All listings on www.neighborhoodrlty.com are pulled directly from the Savannah Multi-List Service. Any mortgage information supplied on www.neighborhoodrlty.com is subject to credit approval. Mortgage rates are not guaranteed and use of any particular lender is not required. For certain bonuses and promotions specific lenders and/or closing attorneys may be required; all interested parties should verify this information before submitting an offer on any property. For all new construction listings, the builder may at any time, and without prior notice or explanation, exercise creative construction and/or variance. All prices are subject to change. Status of properties not guaranteed. Please check status prior to submitting offer. All information provided on www.neighborhoodrlty.com is deemed reliable but is not guaranteed and should be independently verified. Neighborhood Realty is not responsible for or liable for misinformation, typographical errors, misprints, or other errors. Neighborhood Realty does not discriminate based on race or color, national origin, religion, sex, familial status or handicap.


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