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Loan Limits for Northern Virginia

December 23, 2010 By Doug Francis

Maximum Mortgage Loan Limits for Northern Virg...UPDATE Loan limits for Northern Virginia in 2022 ~

Original Article: Relocation home buyers are typically surprised to learn that Northern Virginia has maximum conforming mortgage loan limits that are higher than most regions of the United States. Northern Virginia real estate ranks as “expensive” considering the region has some of the wealthiest counties in the U.S. In fact, these limits do vary region by region across the country and it is essential that you contact your local mortgage lender for the max limit in your neck of the woods.

Mortgage Loan Limits for Northern Virginia for 2022

  • Conforming limit in the DC market is $970,800
  • FHA Loan Limit is $970,800
  • VA loan limit  – As of January 1, 2020, there are no limits anymore on VA loans

NOTE: Doug Francis does not originate mortgage loans

Of course, it is important to remember that you need to financially qualify for any mortgage loan that you are interested in pursuing, and you will need good credit. Understanding your FICO Score starts with knowing what your score is because your interest rate will be 100% dependent on that number. It seems amazing that someone 20 points above you may get a rate that you would kill must beg for.

Remember that FHA mortgage loans allow for 3.5% down payments for applicants with good credit, and these loans do carry monthly insurance.

Mortgage financing is just one part of buying a home, but is essential when determining what price range or potential locations for your desired home. You will need to make some hard choices and some of my real estate clients have worked for months to get their financial house in order so they could buy a home in a particular location.

The CFPB has also imposed delivery requirements making YOU responsible for receiving disclosure documents.

If you need to work on your home buying plan for 2022 then you should start with a thorough review of your credit report which you can do online.

If you want to start searching for Vienna real estate or anywhere in Northern Virginia then I can set up an excellent search page just for you.

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Filed Under: Blog, Home Buyer Tips Tagged With: 22180, home buyer, mortgage, Northern Virginia, real estate

About Doug Francis

A Realtor specializing in unique and new homes around Vienna, Virginia, Doug started writing a first-hand blog about his everyday real estate experiences a decade ago. In-depth, helpful and fun has always been the objective. Outside real estate, he was profiled in a commercial for Verisign's "Where the World Clicks" global ad campaign, and was quoted in Money Magazine's Best Places to Live article on Vienna (#3!). He's a Boston University graduate who feels morning coffee is non-negotiable.

Vienna real estate agent Doug Francis

I’m so excited that you found me! Yes, this site covers real estate, but also a lot about lifestyle and  living in Vienna, Virginia outside Washington, D.C.

There is a lot of info here, and you can also contact me with any specific real estate questions. And, at home consultations are available too.

My background… I’ve been an active licensed agent in Virginia for 25 years, work at TTR Sotheby’s International Realty in McLean, and sell homes in all price ranges. I donate to the Town of Vienna tree replacement fund, participate in a neighborhood citizens association, and try my best to stay in shape.

Let me help you: Email doug@dougfrancis.com or call me at (703) 304-6827 to discuss your plans. Cheers!

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About Doug Francis

I am a Realtor with TTR Sotheby's International Realty® just outside Washington D.C. in Northern Virginia. I have been a full-time Realtor licensed in Virginia since 1991, and cover a big territory specializing in the Vienna real estate market and custom homes for sale.

I have unique knowledge of digital real estate marketing, and my marketing starts here. My clients have been attracted to my results-oriented strategy for years, and I am accepting new clients for 2023 right now.

Thanks for reading, and feel free to contact me at 703-304-6827 or email me at doug@dougfrancis.com anytime!

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