St. Clair County, AL FHA Loan Limits

Last Updated: Thu, December 28, 2017

FHA Loan Limits — St. Clair County, AL

$294,515 1 Living-Unit
$377,075 2 Living-Units
$455,800 3 Living-Units
$566,425 4 Living-Units

Frannie/Freddie (Conventional) Loan Limits — St. Clair County, AL

$453,100 1 Living-Unit
$580,150 2 Living-Units
$701,250 3 Living-Units
$871,450 4 Living-Units

HECM Loan Limits — St. Clair County, AL

$679,650 All Home Sizes
2018 Alabama Standard Limits

Local Loan Limits — St. Clair County, AL

Loan Limit Summary

Limits for FHA Loans in St. Clair County, Alabama range from $294,515 for 1 living-unit homes to $566,425 for 4 living-units. Conventional Loan Limits in St. Clair County are $453,100 for 1 living-unit homes to $871,450 for 4 living-units. The 2018 Home Equity Conversion Mortgage (HECM) limits in St. Clair County is $679,650. 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. St. Clair County has standard limits which means loan limits are equal to the 2018 national floor.

FHA Home Appraisal in St. Clair 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 St. Clair County. If you need a home inspector, click here to find FHA-approved inspectors in St. Clair County.

VA Loan Limits in St. Clair 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 2018 VA Loan Limit for St. Clair County, AL is $294,515.

To lean more about VA Loans and how to qualify, click here.

Additional Resources

How to qualify for an FHA Loan in St. Clair County, Alabama?

The minimum loan amount in St. Clair County is $5,000 dollars and may go up to $566,425 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 St. Clair 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 St. Clair County

The FHA Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to St. Clair County which includes the following cities: Odenville, Moody, Pell City, Springville, Ashville, Cropwell, Ragland, Steele, Riverside, Margaret, Cook Springs, and Wattsville.

St. Clair County loan limits also apply to the following ZIP codes: 35120, 35004, 35125, 35146, 35128, 35953, 35054, 35131, 35987, 35135, 35112, 35052, and 35182.

Citation

Data sourced from the Department of Housing and Urban Development (HUD.GOV). If you notice an error on this page, please contact us.


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Source: https://fhaloans.guide/loan-limits/alabama/st-clair-county