Adjustable Rate Mortgage - ARM An ARM is a mortgage where the interest rate can change based on a selected index. You can save money on an ARM because you are sharing the risk that money can be more or less expensive to lend based on the current market's going rate. ARM mortgages make the most sense when rates are relatively high compaired to historic lows.
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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
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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
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FHA mortgage loan limts by County:
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County
|
Single Family
|
2 Units
|
3 Units
|
4 Units
|
|
ACADIA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ALLEN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ASCENSION
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ASSUMPTION
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
AVOYELLES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BEAUREGARD
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BIENVILLE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BOSSIER
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CADDO
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CALCASIEU
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CALDWELL
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CAMERON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CATAHOULA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CLAIBORNE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CONCORDIA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
DE SOTO
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
EAST BATON ROUG
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
EAST CARROLL
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
EAST FELICIANA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
EVANGELINE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
FRANKLIN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
GRANT
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
IBERIA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
IBERVILLE
|
$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
|
|
JEFFERSON DAVIS
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LA SALLE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LAFAYETTE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LAFOURCHE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LINCOLN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
LIVINGSTON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MADISON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
MOREHOUSE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
NATCHITOCHES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ORLEANS
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
OUACHITA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
PLAQUEMINES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
POINTE COUPEE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
RAPIDES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
RED RIVER
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
RICHLAND
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
SABINE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. BERNARD
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. CHARLES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. HELENA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. JAMES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. JOHN THE BA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. LANDRY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. MARTIN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. MARY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
ST. TAMMANY
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
TANGIPAHOA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
TENSAS
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
TERREBONNE
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
UNION
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
VERMILION
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
VERNON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WASHINGTON
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WEBSTER
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WEST BATON ROUG
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WEST CARROLL
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WEST FELICIANA
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
WINN
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
|