When purchasing a home in Miami-Dade County, understanding the loan limits for different mortgage types is crucial. Loan limits dictate the maximum amount you can borrow through certain loan programs, which can significantly impact your homebuying options.
What Are Loan Limits?
Loan limits are the maximum amounts lenders can offer borrowers under government-backed loan programs. These limits are determined annually by the Federal Housing Finance Agency (FHFA) and vary based on location and the number of units in a property.
Conventional Loan Limits
For 2025, the baseline conforming loan limit for a single-family home in most areas is $750,000. However, Miami-Dade County is considered a high-cost area, so the limit is higher. For single-family homes in Miami-Dade, the conforming loan limit is $865,500. This allows buyers to access more financing while still qualifying for favorable terms under conventional loan guidelines.
For multi-unit properties, the limits are as follows:
2 Units: $1,111,850
3 Units: $1,342,800
4 Units: $1,668,150
FHA Loan Limits
The Federal Housing Administration (FHA) also sets loan limits, which are typically lower than conventional loan limits. In Miami-Dade County, the 2025 FHA loan limits for single-family homes are $654,350. This program is ideal for first-time homebuyers or those with lower credit scores, as it offers more lenient qualification requirements.
For multi-unit properties, the FHA limits are:
2 Units: $837,700
3 Units: $1,012,550
4 Units: $1,258,400
VA Loan Limits
For eligible veterans and active-duty military members, the Department of Veterans Affairs (VA) no longer imposes a formal loan limit as of 2020. However, lenders may still have maximum loan amounts based on borrower qualifications and entitlement. This means veterans in Miami-Dade can purchase higher-priced homes with no down payment, depending on their VA entitlement.
Why Loan Limits Matter
Loan limits are important because they determine whether a loan is considered conforming or jumbo. Loans exceeding the limits are classified as jumbo loans, which typically come with stricter qualification requirements and higher interest rates.
How Manzano Mortgage Co. Can Help
Navigating loan limits can be overwhelming, but that’s where Manzano Mortgage Co. comes in. We specialize in guiding borrowers through their options to find the perfect loan for their needs. Whether you’re looking for a conventional, FHA, or VA loan, we’ll ensure you understand your eligibility and secure the best possible terms.
Ready to Get Started?
If you’re planning to buy a home in Miami-Dade County, contact Manzano Mortgage Co. today. Our team is here to help you navigate loan limits and make your homeownership dreams a reality.
Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While every effort is made to ensure the content is accurate and up-to-date, laws and regulations may vary, and individual circumstances differ. For personalized advice, please consult a licensed professional.
Manzano Mortgage Co. is not a law firm, and this content should not be considered a substitute for legal advice.
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