2023 Florida Conforming Loan Limits by County
COUNTY | 2023 One-Unit | 2023 Two-Unit | 2023 Three-Unit | 2023 Four-Unit |
| Alachua | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Baker | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Bay | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Bradford | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Brevard | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Broward | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Calhoun | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Charlotte | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Citrus | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Clay | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Collier | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Columbia | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Desoto | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Dixie | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Duval | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Escambia | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Flagler | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Franklin | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Gadsden | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Gilchrist | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Glades | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Gulf | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Hamilton | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Hardee | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Hendry | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Hernando | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Highlands | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Hillsborough | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Holmes | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Indian River | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Jackson | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Jefferson | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Lafayette | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Lake | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Lee | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Leon | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Levy | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Liberty | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Madison | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Manatee | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Marion | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Martin | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Miami-Dade | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Monroe | $874,000 | $1,118,900 | $1,352,450 | $1,680,800 |
| Nassau | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Okaloosa | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Okeechobee | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Orange | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Osceola | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Palm Beach | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Pasco | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Pinellas | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Polk | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Putnam | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| St. Johns | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| St. Lucie | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Santa Rosa | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Sarasota | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Seminole | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Sumter | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Suwannee | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Taylor | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Union | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Volusia | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Wakulla | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Walton | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| Washington | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
Florida Conforming Loan Limits for Different Counties in 2023: What Homebuyers Need to Know
When it comes to buying a home in Florida, understanding the conforming loan limits for conventional or conforming loans is essential. These limits determine the maximum loan amount that can be obtained while still qualifying for favorable terms and interest rates. In this blog post, we’ll explore the updated loan limits for various counties in Florida for the year 2023, giving homebuyers valuable insights into their borrowing potential.
Understanding Conforming Loans:
Before diving into the loan limits, let’s briefly discuss what conforming loans are. These are mortgages that adhere to guidelines set by Fannie Mae and Freddie Mac, two government-sponsored entities that provide stability and liquidity to the mortgage market. Conforming loans typically have stricter credit and down payment requirements compared to government-backed loans, but they often offer competitive interest rates and flexible terms.
Loan Limits for Florida Counties:
In 2023, the Federal Housing Finance Agency (FHFA) has established new loan limits for conforming loans in different counties across Florida. These limits vary depending on the county’s median home prices, aiming to reflect the local housing market’s affordability. Here are some notable loan limits for select counties:
1. Miami-Dade County Conforming Loan Limits:
For Miami-Dade County, the 2023 loan limit for a single-family home is set at $726,200. This means that borrowers seeking a conventional loan in this county can secure a mortgage up to this amount while still benefiting from conventional loan terms.
2. Broward County Conforming Loan Limits:
In Broward County, the maximum loan limit for a single-family home in 2023 is also $726,200. Homebuyers in this county can take advantage of this limit to finance their dream homes within the conventional loan framework.
3. Orange County Conforming Loan Limits:
Orange County, which includes popular cities like Orlando, has a loan limit of $726,200 for single-family homes. This limit allows homebuyers in this vibrant area to access conventional financing for properties within this price range.
4: Palm Beach County Conforming Loan Limits:
Home to beautiful beaches and affluent communities, Palm Beach County has a loan limit of $726,200 for single-family homes. This limit provides flexibility for borrowers looking to purchase high-value properties while still utilizing conventional loan benefits.
It’s important to note that loan limits can differ for multi-unit properties, such as duplexes, triplexes, and fourplexes. These limits are typically higher to account for the increased purchase prices of multi-unit properties.
Conclusion:
Being aware of the 2023 conforming loan limits in Florida’s various counties is crucial for prospective homebuyers. These limits define the maximum loan amount that can be obtained while still qualifying for conventional loan benefits. By understanding the loan limits for their specific county, homebuyers can better plan their budgets and make informed decisions when it comes to financing their new homes.
It’s recommended to consult with a trusted mortgage professional, such as Conquest Mortgage, who can provide personalized guidance based on individual financial circumstances. They can help navigate the loan process, ensure compliance with loan limits, and explore suitable financing options that align with homebuyers’ needs and goals.
