FHA loan limits are the maximum allowed loan amount for federal housing administration loans. FHA Loans are federally insured mortgages designed for middle- and working-class Americans. Because the loans are insured, lenders provide excellent rates for first time homeowners and those with poor or no credit history.
Home loans are granted a “qualified mortgage” (QM) designation should they meet certain. or “GSE Patch”, which allows them.
Current VA home loan rates. VA home loans were created to benefit current and former members of the U.S. Armed Forces. VA loans require no down payment, no mortgage insurance, and come with access.
Current Conforming Loan Limits. On November 27, 2018 the Federal Housing Finance Agency (FHFA) raised the 2019 conforming loan limit on single family homes from $453,100 to $484,350 – an increase of $31,250 or 6.9%. That rate is the baseline limit for areas of the country where homes are fairly affordable.