2024 VA and FHA Construction Loan Limits
Borrow for Single Family Home Loans in New Jersey 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.
21 match(es) found
| ATLANTIC County ATLANTIC CITY-HAMMONTON, NJ | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $498,257 | ||
| BERGEN County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| BURLINGTON County PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $557,750 | ||
| CAMDEN County PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $557,750 | ||
| CAPE MAY County OCEAN CITY, NJ | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $557,750 | ||
| CUMBERLAND County VINELAND-BRIDGETON, NJ | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $498,257 | ||
| ESSEX County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| GLOUCESTER County PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $557,750 | ||
| HUDSON County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| HUNTERDON County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| MERCER County TRENTON-PRINCETON, NJ | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $498,257 | ||
| MIDDLESEX County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| MONMOUTH County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| MORRIS County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| OCEAN County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| PASSAIC County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| SALEM County PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $557,750 | ||
| SOMERSET County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| SUSSEX County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| UNION County NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $1,149,825 | ||
| WARREN County ALLENTOWN-BETHLEHEM-EASTON, PA-NJ | |||
| VA Construction Loan Limit | FHA Construction Loan Limit | ||
|---|---|---|---|
| $1,500,000 | $498,257 | ||
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