Conforming Loan Limits 2014 – Loan Love’s New Guide Helps Borrowers Understand The Details

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A new guide from takes a look to the changes to conforming loan limits in 2014. is a borrower advice website that has become a trusted destination for current news and expert loan advice. The website strives to empower borrowers with first class knowledge, valuable resources and connections to the top rated industry professionals. Recently the website released a guide that takes a look at the expectations for conforming conventional and FHA loan limits for 2014. By taking a look at the conforming loan limits 2014 will be seeing, borrowers can more accurately judge what their options are when it comes to home purchase financing.

The Loan Love article starts by saying, “Prospective home buyers shopping around for conforming, conventional and FHA loans in 2014 will find only a few changes in loan limits compared to last year. For the most part, the limits—which set the maximum allowable loan size for a mortgage in a given geographical area—remain at 2013 levels, other than a few adjustments up or down in some high-cost regions.”

The article goes on to explain what the 2014 loan limits are for conforming loans. It says, “For the ninth consecutive year, baseline conforming loan limits will remain at their current levels in 2014. The term “conforming loan” refers to whether a loan product meets guidelines put into place by Fannie Mae and Freddie Mac. After being raised to $417,000 for single-family homes back in 2006, baseline conforming loan limits have remained steady, even as home values dropped across the country.”

According to Loan Love, baseline conforming loan limits for 2014 remain:

  •     1-unit home : $417,000
  •     2-unit home : $533,850
  •     3-unit home : $645,300
  •     4-unit home : $801,950

The Loan Love article explains that the limits were first raised for high cost regions in 2009. Currently there are more than 200 “high-cost” areas nationwide, including such metropolitan cities as New York, San Francisco, and Los Angeles. Loan limits for 18 areas that are now designated as high-cost areas were increased again for 2014. Loan Love states, “Currently, conforming loan limits in high-cost areas within the contiguous United States max out at:

  •     $625,500 for a one-unit home
  •     $800,775 for a two-unit home
  •     $967,950 for a three-unit home
  •     $1,202,925 for a four-unit home”

Hawaii, Guam, Alaska and the U.S. Virgin Islands have maximum loan limits that are even higher, however. Several lesser-known metropolitan areas have also seen the conforming loan limit raised for 2014, including Garfield, Colo., which will see loan limits climb all the way to $625,000. Among some of the other cities affected by the higher loan cap in the contiguous states are Boston; Newburgh, N.Y.; Poughkeepsie, N.Y.; and Culpeper County, Va.

For more information on the new limits for conforming loan in 2014, please click here to read the full article on

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