Suffolk County, MA 2019 FHA Loan Limits
Local Loan Limits — Suffolk County, MA
Loan Limit Summary
Limits for FHA Loans in Suffolk County, Massachusetts range from $688,850 for single family homes to $1,324,750 for four-plex. Any apartment with more than 4 units is considered commercial and does not quality for an FHA loan. Conventional Loan Limits in Suffolk County are $688,850 for single family homes to $1,324,750 for 4-unit apartment. The 2019 Home Equity Conversion Mortgage (HECM) limits in Suffolk 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 units or separate apartments on the property. FHA loans are allowed for properties with one to four units. Suffolk County has high cost limits to compensate for above average housing prices. Limits in Suffolk County are above the 2019 national floor.
FHA Home Appraisal in Suffolk 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 Suffolk County. If you need a home inspector, click here to find FHA-approved inspectors in Suffolk County.
VA Loan Limits in Suffolk 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 loan limit. The VA uses the single-unit FHA Loan Limit as its cap on VA Loan Liability. The 2019 VA Loan Limit for Suffolk County, MA is $688,850.
How to qualify for an FHA Loan in Suffolk County, Massachusetts?
The minimum loan amount in Suffolk County is $5,000 dollars and may go up to $1,324,750 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 Suffolk 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 Suffolk County
The FHA Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Suffolk County which includes the following cities: Revere, Dorchester Center, Boston, Brighton, Jamaica Plain, Roslindale, Chelsea, Hyde Park, Dorchester, West Roxbury, Mattapan, Roxbury, Winthrop, Charlestown, Allston, Roxbury Crossing, East Boston, and Readville.
Suffolk County loan limits also apply to the following ZIP codes: 2151, 2124, 2128, 2135, 2130, 2127, 2131, 2150, 2136, 2125, 2132, 2126, 2119, 2118, 2122, 2121, 2152, 2116, 2129, 2134, 2115, 2114, 2215, 2120, 2113, 2111, 2110, 2109, 2108, 2205, 2210, 2199, 2196, 2163, 2112, 2117, 2123, 2297, 2217, 2222, 2228, 2133, 2201, 2241, 2203, 2266, 2204, 2283, 2284, 2137, 2206, 2293, 2295, and 2211.