Delaware Conventional Loan Limits in 2024
Explore the 2024 Conventional Loan Limits in Delaware, covering different property types and counties. Find out the maximum loan amounts for one-unit, two-unit, three-unit, and four-unit properties, helping understand financing options in Delaware for the year 2024.
| County name | One-Unit | Two-Unit | Three-Unit | Four-Unit |
|---|---|---|---|---|
| Kent County | $766,550 | $981,500 | $1,186,350 | $1,474,400 |
| New Castle County | $766,550 | $981,500 | $1,186,350 | $1,474,400 |
| Sussex County | $766,550 | $981,500 | $1,186,350 | $1,474,400 |
Summary of Delaware Conventional Loan Limits in 2024
Delaware Conventional Loan Limits for 2024 have been established to determine the maximum loan amounts that lenders can offer while still conforming to guidelines set by Fannie Mae and Freddie Mac. These limits vary depending on the type of property and the number of units it contains.
Here are the minimum and maximum loan limits for each unit type:
- One-Unit Limit: $766,550 - $766,550
- Two-Unit Limit: $981,500 - $981,500
- Three-Unit Limit: $1,186,350 - $1,186,350
- Four-Unit Limit: $1,474,400 - $1,474,400
Notes:
- One-Unit is a single family home or condominium
- Two-Unit is two separate living units (duplex)
- Three-Unit three separate living units (triplex)
- Four-Unit four separate living units (fourplex)