FHA Loan Limits for Maryland Counties

Posted by: najirashid on Thursday, January 24th, 2008

Did you know that FHA has loan limits for each Maryland county? What that means is anyone who uses FHA financing can only purchase a property up to the maximum sales price allowed for that county.  The buyer can make up the difference between what is allowed and the sales price. For example if the sales price for a property is $370,000 in Baltimore County the FHA loan limit is $362,790. The buyer would have to pay the difference between the sales price and the loan limit to be able to use FHA financing. These are the loan limits for Maryland counties as of January 8, 2008;

Anne Arundel $362,790, Baltimore $362,790, Baltimore City $362,790, Calvert $362,790, Caroline $200,160, Carroll $362,790, Cecil $292,685, Charles $362,790, Dorchester $200,160, Frederick $362,790,

Garrett $332,500, Harford $362,790, Howard $362,790, Kent $248,588, Montgomery $362,790, Prince Georges $362,790, Queen Anne’s $362,790, Sommerset $225,150, St. Mary’s $282,000, Talbot $282,150,

Washington $275,500, Wicomico $225,150, Worcester $332,499

Topics: Buyers, Financing, First-Time Home Buyers

 

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