Loan Limits

Maximum limits are set by the mortgage industry and vary according to the location of the property as shown below.

MAXIMUM LOAN LIMIT BY LOCATION: Virginia
Northern Virginia Cities: Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, Manassas Park
Counties: Arlington, Clarke, Fairfax, Fauquier, Loudoun, Prince William, Spotsylvania, Stafford, Warren


$625,500
Lancaster Counties: Lancaster

$442,750
Richmond Cities: Colonial Heights, Hopewell, Petersburg, Richmond
Counties: Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa, New Kent, Powhatan, Price George, Sussex


$535,900
Tidewater / Williamsburg Cities: Chesapeake, Hampton, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, Williamsburg
Counties: Gloucester, Isle of Wight, James City, Mathews, Surry, York


$458,850
Charlottesville Cities: Charlottesville
Counties: Albemarle, Fluvanna, Greene, Nelson


$437,000
Other All other cities and counties in Virginia

$417,000
MAXIMUM LOAN LIMIT BY LOCATION: North Carolina
Elizabeth City, MSA Counties: Camden, Pasquotank, Perquminas

$625,500
Eastern Shore Counties: Hyde

$483,000
Outer Banks Counties: Currituck

$458,850
Other Counties: All other cities and counties in North Carolina

$417,000
Whenever possible, keep your LTV (Loan to Value) below 80% in order to avoid having to obtain Mortgage Insurance.
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