For the first time since 2006, maximum loan limits have increased on Conventional loans. Effective January 1, the maximum base limit for Conventional loans is $424,100 in most of the country (all but 87 counties), including Charleston, Dorchester and Berkeley counties, up from $417,000. The ceiling limit in most of the country will be $636,150.


The VA mortgage loan limit is increasing to $424,100.

The ‘Floor’ and ‘Ceiling’ Lending Caps


According to the Department of Housing and Urban Development, the maximum FHA lending amount for high-cost metropolitan areas will go up to $636,150 for calendar year 2017. In areas with lower housing costs, the FHA limit can be as low as $275,665. Obviously, there’s a broad spectrum in between.


Property SizeLow-Cost Area “Floor”High-Cost Area “Ceiling”
One Unit $275,665 $636,150
Two Units $352,950 $814,500
Three Units $426,625 $984,525
Four Units $530,150 $1,223,475