Maximum Loan Amount


Definition of "Maximum Loan Amount"

Lana Lavenbarg real estate agent
Lana Lavenbarg Coldwell Banker Pro West

The largest loan size permitted on a particular loan program. For programs where the loan is targeted for sale to Fannie Mae or Freddie Mac, the maximum will be the largest loan eligible for purchase by these agencies. On FHA loans, the maximums are set by the Federal Housing Administration, and vary somewhat by state and county. On other loans, maximums are set by lenders.

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