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What is the maximum loan amount in ct to still stay within conventional mortgage

by Pripeb_247_468 from Waterbury, Connecticut. Jan 15th 2013 Reply


William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

FHA is $387,500, Conventional is $417,000... I'm assuming you're inquiring about New Haven County Ct. These amounts are for one unit properties.. You can purchase up to 4 units, and the loan amounts are higher.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jan 15th 2013
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Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

$417,000 for Fannie & Freddie Loans. FHA have limits by County. See the link here for those Counties: https://entp.hud.gov/idapp/html/hicostlook.cfm I have provided some good resources in my Lender411 Profile tab under Recommended Websites, so take a look. If I can be of any direct help, please let me know. Thank you!

Jan 15th 2013
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Matt Pollina (matt@smartmtgs.net)
#59 ranked lender in Illinois - 40 contributions

The typical conventional loan limit is $417,000.00. Go here for more information: http://www.fhfa.gov/webfiles/22769/CTY112211.pdf

Jan 15th 2013
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

If your talking Fannie or Freddie than it is 625,500 and the same for FHA depending on your county. Any loan amount over 417k is considered a high balance loan but still backed by Fannie and Freddie so the rates are extremely good, the guidelines are a little more restrictive over the 417K. Give us a call or shoot us an email if we can help answer any more questions. 201-962-3555 Team@BestMortgageOption.comAsk for Michelle or Benny

Jan 15th 2013
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Earl Charlesworth (EarlCharlesworth)
#89 ranked lender in New York - 1 contribution

We can go up to 8 million on loans conventional depends on the program.

Jan 15th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

The answer to your question will require some more information. Conventional Conforming up to 417k, conventional high balance up to 625 on a single family, etc. We are a Direct Lender in Conn. Contact me for a free consultation. PBotros@OmegaLoans.net or 908-933-0253 Peter Botros

Jan 15th 2013
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Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

Beyond asking about the Loan Limits, you should ask who can actually do business in your State of CT so you don't spend time making inquires with individuals and / companies that are not Licensed or Authorized to do business in CT. Just food for thought!

Jan 15th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

Conforming limit is $417k

Jan 15th 2013
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Jason Vondrak (jvondrak)
#216 ranked lender in California - 1,741 contributions

In most cases the conforming loan limit is set at $417,000, however these limits vary by county, not by state, so you will want to look it up based on the county you are planning on purchasing a home in.

Jan 15th 2013
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