Balloon Payment A Balloon Payment is the loan balance remaining at the end of the loan's repayment term. If a loan is amortized for 360 months and the loan is to be repaid at the end of the 180th month, there will be a significant payment due on the 180th month to repay the lender.
|
First Mortgage (Refinance and Purchase) Conforming Loan Limits: Effective January 1, 2006
|
Single Family Residence
|
Two Family Residence
|
Three Family Residence
|
Four Family Residence
|
|
$417,000
|
$533,850
|
$645,300
|
$801,950
|
Mortgage Loan Limits are 50% higher in Alaska, Hawaii, Guam, and the U.S. Virgin Islands are 50 percent higher than the mortgage limits for the rest of the country.
Second Mortgage (HELOC, Second Trust Deed):
$208,500
$312,750 in Alaska, Hawaii, Guam, and the U.S. Virgin Islands
|
FHA mortgage loan limts by County:
|
County
|
Single Family
|
2 Units
|
3 Units
|
4 Units
|
|
AUTAUGA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BALDWIN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BARBOUR
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BIBB
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BLOUNT
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BULLOCK
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BUTLER
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CALHOUN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CHAMBERS
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CHEROKEE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CHILTON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CHOCTAW
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CLARKE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CLAY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CLEBURNE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
COFFEE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
COLBERT
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CONECUH
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
COOSA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
COVINGTON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CRENSHAW
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CULLMAN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
DALE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
DALLAS
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
DE KALB
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ELMORE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ESCAMBIA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ETOWAH
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
FAYETTE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
FRANKLIN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
GENEVA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
GREENE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
HALE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
HENRY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
HOUSTON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
JACKSON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
JEFFERSON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LAMAR
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LAUDERDALE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LAWRENCE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LEE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LIMESTONE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LOWNDES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MACON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MADISON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MARENGO
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MARION
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MARSHALL
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MOBILE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MONROE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MONTGOMERY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MORGAN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
PERRY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
PICKENS
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
PIKE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
RANDOLPH
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
RUSSELL
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
SHELBY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. CLAIR
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
SUMTER
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
TALLADEGA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
TALLAPOOSA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
TUSCALOOSA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WALKER
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WASHINGTON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WILCOX
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WINSTON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
|