Maximum Loan Amount


Definition of "Maximum Loan Amount"

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.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Seasoned Loan

Loan such as a mortgage that the borrower has consistently made payments on when due over many years ...

Grid

Series of intersecting lines dividing a map or chart into equal sections. Series of intersectin ...

Lagging Indicators

The economic indicators that trail behind aggregate economic activity. Six lagging indicators issu ...

Rate Of Return On Investment (ROI)

Income divided by the amount invested in real estate. ...

Ordinary Interest

Interest based on a 360-day year instead of a 365-day year. The former is referred to as simple inte ...

Managed Competition

Government-supervised health care system with economic incentives for providers and consumers. ...

Related Real Estate FAQ

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is A Title?

A title is the right of property ownership. ...

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

3 tips to ensure your sale goes through 6 Reasons you are not selling properties What is Hazard Insurance? 5 signs of house foundation problems Short Sale Homes

FAQ

What is a FHA mortgage? Why should I use a real estate agent? What do I need to know about Motorcycle Insurance? What is the APR for This ARM Loan? What is a gated community?