Connecticut Mortgage Limits

April 7, 2009
Matt Isleib

 

Connecticut Mortgage Loan Limits

 

I am often asked what the difference between a Conventional Mortgage Loan Limit, Jumbo Loan Limits, FHA Mortgage, etc. are? Conventional (conforming) are those limits established by F.N.M.A.  Federal National Mortgage Association (Fannie Mae) and F.H.L.M.C.  Federal Home Loan Mortgage Corporation (Freddie Mac).   Any loan amount over the limit is considered a Jumbo loan.  FHA (Federal Housing Authority) have their own limits as well.

 

Conventional Mortgage in CT:

 

Single Family      $417,000.00

Two Family          $533,850.00

Three Family        $645,300.00

Four Family         $801,950.00

 

Fannie/Freddie also have Higher Limits for Certain Counties in Connecticut (higher rates apply) below are the limits for Single Family Properties. These are referred to as conforming jumbo mortgages:

 

Fairfield County                                          $708,750.00

Hartford, Middlesex and Tolland County   $440,000.00

 

FHA Limits by County in Connecticut * any amount over $417,000 is considered Jumbo Mortgage Financing and subject to higher interest rates.

 

All Loan amount are based on a single-family property.  Higher loan amounts are available for multi family properties.

 

Fairfield County Ct       $708,750.00*

Hartford County Ct        $440,000.00*

Litchfield County Ct      $375,000.00

Middlesex County Ct     $440,000.00*

New Haven County Ct   $387,500.00

New London County Ct $398,750.00

Tolland County Ct          $440,000.00*

Windham County Ct      $272,500.00

 

*over 417,000.00 loan limit higher rates apply.

 

These are all the loan limits per County for a mortgage in Ct.