Bradley County, TN 2022 FHA Loan Limits
FHA Loan Limits
Local Loan Limits — Bradley County, TN
Loan Limit Summary
Limits for FHA Loans in Bradley County, Tennessee range from $420,680 for 1 living-unit homes to $809,150 for 4 living-units. Conventional Loan Limits in Bradley County are $647,200 for 1 living-unit homes to $1,244,850 for 4 living-units. The 2022 Home Equity Conversion Mortgage (HECM) limits in Bradley County is $970,800. HECM limit does not depend on the size of the home.
What are Conventional Loans?
Bradley County has standard limits which means loan limits are equal to the 2022 national floor.
FHA Home Appraisal in Bradley 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 Bradley County. If you need a home inspector, click here to find FHA-approved inspectors in Bradley County. You can also save time by looking for FHA Condos that have already been approved.
VA Loan Limits in Bradley 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 Bradley County, TN 2022 VA Loan Limit is $647,200
How to qualify for an FHA Loan in Bradley County, Tennessee?
The minimum loan amount in Bradley County is $5,000 dollars and may go up to $809,150 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 Bradley County.
Cities and ZIP Codes in Bradley County
The FHA Limits, VA Loan Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Bradley County, Tennessee which includes the following cities: Cleveland, McDonald, and Charleston.