One-Time Close Loans | FHA and VA Construction Loans
VA and FHA One-Time Close Construction Loans

2024 FHA Construction Loan Limits in MARYLAND tell homebuyers how much borrowing power they have to build a home. VA Limits are set by the lenders.

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2024 VA and FHA Construction Loan Limits

Borrow for Single Family Home Loans in MARYLAND Counties

The FHA has a maximum construction loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

Construction loan limits no longer apply to new VA Loans. The Department of Veterans Affairs (commonly referred to as the VA) can now back larger loans than previous allowed. This change doesn't mean that you have unlimited borrowing power. Your lender will still have credit requirements that you need to meet as well as maximum loan amounts based on their own standards. VA lenders establish their own limits based on company policies. The amount we generally see is shown below, labeled as the VA Lender Limit.

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"For 2024, the FHA floor was set at $498,257 for single-family home loans. This lending limit covers most U.S. counties."

24 match(es) found

ALLEGANY County
CUMBERLAND, MD-WV
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ANNE ARUNDEL County
BALTIMORE-COLUMBIA-TOWSON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $667,000
BALTIMORE County
BALTIMORE-COLUMBIA-TOWSON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $667,000
BALTIMORE CITY County
BALTIMORE-COLUMBIA-TOWSON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $667,000
CALVERT County
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
CAROLINE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CARROLL County
BALTIMORE-COLUMBIA-TOWSON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $667,000
CECIL County
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $557,750
CHARLES County
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
DORCHESTER County
CAMBRIDGE, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
FREDERICK County
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
GARRETT County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
HARFORD County
BALTIMORE-COLUMBIA-TOWSON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $667,000
HOWARD County
BALTIMORE-COLUMBIA-TOWSON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $667,000
KENT County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MONTGOMERY County
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
PRINCE GEORGE'S County
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
QUEEN ANNE'S County
BALTIMORE-COLUMBIA-TOWSON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $667,000
SOMERSET County
SALISBURY, MD-DE
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ST. MARY'S County
CALIFORNIA-LEXINGTON PARK, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
TALBOT County
EASTON, MD
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WASHINGTON County
HAGERSTOWN-MARTINSBURG, MD-WV
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WICOMICO County
SALISBURY, MD-DE
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WORCESTER County
SALISBURY, MD-DE
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257

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