Thank you for your services and your always prompt and courteous responses to our many questions. You made it 8x easier for us, and we appreciate your assistance in making that possible.  
Chris & Lynn A.-Cleveland Park, Washington, D.C.

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"Conforming" loan limits:

  • $417,000 – 1 unit (5% down payment minimum)
  • $533,850 – 2 unit (5-10%% down payment minimum)
  • $645,300 – 3 unit (20% down payment minimum)
  • $801,950 – 4 unit (20% down payment minimum)

Conventional "Jumbo Conforming" loan limits (these are for "high cost" areas only):

  • $417,001 to $729,750 – 1 unit (10% down payment minimum)
  • $533,851 to $934,200 – 2 unit (10% down payment minimum)
  • $645,301 to $1,129,250 – 3 unit (20% down payment minimum)
  • $801,951 to $1,403,400 – 4 unit (20% down payment minimum)

"Jumbo" loan limits:

Any loan amount above the limits noted above in the Conventional "Jumbo Conforming" loan limits is considered a Jumbo loan. (20%-25% down payment minimum)

ADDITIONAL DOWN PAYMENTS NOTES:

  • 3.5% down (this is the minimum down payment for an FHA loan)
  • 5% down (usually only on a single family or a condo, must be a Conforming, owner occupied loan).
  • 10% down (needed on a Jumbo Conforming, owner occupied loan or on a 2 unit owner occupied property)
  • 20% down (needed on 3 and 4 unit owner occupied property; is also the minimum needed for an investment property)