Glades County, FL 2021 FHA Loan Limits
FHA Loan Limits
Local Loan Limits — Glades County, FL
Loan Limit Summary
Limits for FHA Loans in Glades County, Florida range from $356,362 for 1 living-unit homes to $685,400 for 4 living-units. Conventional Loan Limits in Glades County are $548,250 for 1 living-unit homes to $1,054,500 for 4 living-units. The 2021 Home Equity Conversion Mortgage (HECM) limits in Glades County is $822,375. HECM limit does not depend on the size of the home.
What are Conventional Loans?
Glades County has standard limits which means loan limits are equal to the 2021 national floor.
FHA Home Appraisal in Glades 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 Glades County. If you need a home inspector, click here to find FHA-approved inspectors in Glades County. You can also save time by looking for FHA Condos that have already been approved.
VA Loan Limits in Glades County
VA Loans are similar to FHA Loans in that it allows you to buy a home with very little money down. However VA Loans are only available to veterans of the Armed Forces. With VA loans the Department of Veterans Affairs guarantees the loan on the veteran's behalf. The maximum the VA will guarantee is set to the same amount as the single-family Fannie/Freddie Loan Limit. So the Glades County, FL 2021 VA Loan Limit is $548,250
How to qualify for an FHA Loan in Glades County, Florida?
The minimum loan amount in Glades County is $5,000 dollars and may go up to $685,400 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 Glades County.