Baldwin County, AL FHA Loan Limits
Local Loan Limits — Baldwin County, AL
Loan Limit Summary
Limits for FHA Loans in Baldwin County, Alabama range from $314,827 for 1 living-unit homes to $605,525 for 4 living-units. Conventional Loan Limits in Baldwin County are $484,350 for 1 living-unit homes to $931,600 for 4 living-units. The 2019 Home Equity Conversion Mortgage (HECM) limits in Baldwin County is $726,525. HECM limit does not depend on the size of the home.
FHA and conventional Loan limits vary based on the number of living-units on the property. FHA loans are only allowed on 1 to 4 living-unit properties. Baldwin County has standard limits which means loan limits are equal to the 2019 national floor.
FHA Home Appraisal in Baldwin County
To see if a home qualifies for an FHA loan, the property must be appraised by an approved FHA appraiser. Find FHA-approved appraisers in Baldwin County. If you need a home inspector, click here to find FHA-approved inspectors in Baldwin County.
VA Loan Limits in Baldwin County
VA Loans are not insured the same way FHA loans are. With VA loans the Department of Veterans Affairs guarantees the loan on the veteran's behalf. But there is still a cap. The VA uses the 1 living-unit FHA Loan Limit as its cap on VA Loan Liability. The 2019 VA Loan Limit for Baldwin County, AL is $314,827.
How to qualify for an FHA Loan in Baldwin County, Alabama?
The minimum loan amount in Baldwin County is $5,000 dollars and may go up to $605,525 depending on home size and loan type. In order to qualify for an FHA loan, you must be planning to live in the home. Although a loan can include some renovation costs, FHA loans cannot be used for real estate investments in Baldwin County.
Additionally, your loan amount cannot exceed the value of home you are purchasing. Learn more about FHA Loan Requirements.
Cities and ZIP Codes in Baldwin County
The FHA Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Baldwin County which includes the following cities: Daphne, Fairhope, Foley, Bay Minette, Robertsdale, Spanish Fort, Gulf Shores, Loxley, Orange Beach, Elberta, Summerdale, Lillian, Silverhill, Stapleton, Stockton, Perdido, Magnolia Springs, Point Clear, Seminole, Montrose, Bon Secour, and Little River.
Baldwin County loan limits also apply to the following ZIP codes: 36526, 36532, 36535, 36507, 36567, 36527, 36542, 36551, 36561, 36530, 36580, 36549, 36576, 36547, 36536, 36533, 36578, 36579, 36562, 36555, 36564, 36574, 36559, 36511, 36577, and 36550.