Conventional loan limits 2021
A Conventional loan could fit you like a glove if you’re buying a more expensive home and need to borrow more than the conforming loan limits allow. So, if you’re looking at an upscale property or simply one in an area of the country where the cost of living is high, here’s what you need to know about the Conventional loan limits in 2021.
Do you Know?
What is a Conventional loan?
A conventional loan is a mortgage loan that’s not backed by a government agency. Conventional loans are broken down into “conforming” and “non-conforming” loans. However, some lenders may offer some flexibility with non-conforming conventional loans.
Is Conventional Loan Good?
Is a conventional loan good? A conventional loan is a great option if you have a solid credit score and little debt. You can avoid PMI by paying 20% of the loan upfront, which will lower your mortgage payments. If you’re unable to make a large payment upfront, conventional loans are available with a down payment as low as 3%.
Mortgages aren’t one-size-fits-all and jumbo loans are no exception. Essentially, a jumbo loan is a mortgage that exceeds baseline amounts set by Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) guidelines. Since jumbo loans do not have upper limits established by the agencies mentioned, it’s up to your lender to determine the ceiling amount for jumbo loan limits, and whether it enforces it or not.
| State/Territory | County | Limit |
| Alaska | All counties | $822,375 |
| California | Solano County | $550,850 |
| California | El Dorado County, Placer County, Sacramento County, Yolo County | $598,000 |
| California | Santa Barbara County | $660,100 |
| California | San Luis Obispo County | $701,500 |
| California | Sonoma County | $707,250 |
| California | Monterey County, Ventura County | $739,450 |
| California | San Diego County | $753,250 |
| California | Napa County | $816,500 |
| California | Alameda County, Contra Costa County, Los Angeles County, Marin County, Orange County, San Benito County, San Francisco County, San Mateo County, Santa Clara County, Santa Cruz County | $822,375 |
| Colorado | Adams County, Arapahoe County, Broomfield County, Clear Creek County, Denver County, Douglas County, Elbert County, Gilpin County, Jefferson County, Park County | $596,850 |
| Colorado | Lake County | $625,500 |
| Colorado | San Miguel County | $649,750 |
| Colorado | Boulder County | $654,350 |
| Colorado | Routt County | $678,500 |
| Colorado | Garfield County, Pitkin County | $765,600 |
| Colorado | Eagle County | $822,250 |
| Colorado | Summit County | $822,235 |
| Connecticut | Fairfield County | $601,450 |
| Florida | Monroe County | $608,350 |
| Guam | Guam | $822,375 |
| Hawaii | Hawaii County, Honolulu County, Kalawao County, Kauai County, Maui County | $822,375 |
| Idaho | Blaine County, Camas County, Lincoln County | $625,500 |
| Idaho | Teton County | $822,375 |
| Maryland | Calvert County, Charles County, Frederick County, Montgomery County, Prince George’s County | $822,375 |
| Massachusetts | Essex County, Middlesex County, Norfolk County, Plymouth County, Suffolk County | $724,500 |
| Massachusetts | Dukes County, Nantucket County | $822,375 |
| New Hampshire | Rockingham County, Strafford County | $724,500 |
| New Jersey | Bergen County, Essex County, Hudson County, Hunterdon County, Middlesex County, Monmouth County, Morris County, Ocean County, Passaic County, Somerset County, Sussex County, Union County | $822,375 |
| New York | Dutchess County, Orange County | $726,525 |
| New York | Bronx County, Kings County, Nassau County, New York County, Putnam County, Queens County, Richmond County, Rockland County, Suffolk County, Westchester County | $822,375 |
| North Carolina | Camden County, Pasquotank County, Perquimans County | $625,500 |
| Pennsylvania | Pike County | $822,375 |
| Tennessee | Cannon County, Cheatham County, Davidson County, Dickson County, Macon County, Maury County, Robertson County, Rutherford County, Smith County, Sumner County, Trousdale County, Williamson County, Wilson County | $586,500 |
| U.S. Virgin Islands | St. Croix Island, St. John Island, St. Thomas Island | $822,375 |
| Utah | Salt Lake County, Tooele County | $600,300 |
| Utah | Box Elder County, Davis County, Morgan County, Weber County | $646,300 |
| Utah | Summit County, Wasatch County | $817,650 |
| Virginia | Alexandria City, Arlington County, Clarke County, Culpeper County, Fairfax City, Fairfax County, Falls Church City, Fauquier County, Fredericksburg City, Loudoun County, Madison County, Manassas City, Manassas Park City, Prince William County, Rappahannock County, Spotsylvania County, Stafford County, Warren County | $822,375 |
| Washington | King County, Pierce County, Snohomish County | $776,250 |
| Washington D.C. | District of Columbia | $822,375 |
| West Virginia | Jefferson County | $822,375 |
| Wyoming | Fairfield County | $822,375 |
