What are the maximum loan amounts allowed on a FHA 203k or Fannie Mae renovation loan? The max loan amounts are the same as the corresponding loan after down payment? FHA 203K – The maximum loan amount for FHA loans in counties which make up Northeast Florida is now $304,750 after down payment. Fannie Mae Renovation loan – The maximum loan amount for a SFR is $417,000 after down payment. However, Fannie Mae loan limits are higher for multi-family properties. 2 units-$533,850; 3-units-$645,300; 4-units-$801,950 What are the benefits of HomePath mortgages? The biggest benefit has to do with condos since Fannie Mae HomePath condos do NOT require approval and there is NO appraisal. For investors on HomePath the minimum down payment is just 10%, and for those buyers who want to perform all...
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