District of Columbia, DC

2021 Loan Limits

Tags: 2021 High-Cost WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV

Loan Limit Tables District of Columbia, DC

Loan Limits are the maximum amount of money allowed to be lent for a particular kind of loan. Different types of loans have different limits. Below are the 2021 loan limits for District of Columbia, DC.

Conforming Loan Limits

Conforming loans must meet the guidelines set by Fannie Mae and Freddie Mac. If a mortgage exceeds the conforming loan limits then it is considered a jumbo loan.

$822,375
Single-Family
$1,053,000
Duplex
$1,272,750
Triplex
$1,581,750
Quadplex

FHA Loan Limits

FHA Loans are home mortgages insured by the Federal Housing Administration. FHA Loans let you get a home loan with a lower down-payment and relaxed credit score requirements.

$822,375
Single-Family
$1,053,000
Duplex
$1,272,750
Triplex
$1,581,750
Quadplex

VA Loan Limits

If you qualify, veterans loans allow you to buy a house with zero money down.

$822,375
All Home Sizes

HECM Loan Limits

Home Equity Conversion Mortgages (HECM) allow seniors to convert home equity into cash for unexpected expenses.

$822,375
All Home Sizes

Loan Limit Breakdown

Median Home Price

The Federal Housing Finance Agency (FHFA) conducts an annual survey to determine the median home prices in each county or metro area in the US. Median home price is then used to determine the loan limits in District of Columbia.

The last survey of home prices in District of Columbia was conducted in 2020 and found the median home price was $823,000.

Loan Limits Summary

Based on the median home price, District of Columbia was determined to be a "high-cost" area. Accordingly, 2021 loan limits in District of Columbia are set equal to the national ceiling limit.

The 2021 conforming loan limit for a single-family home in District of Columbia, DC is $822,375. The FHA loan limit for a single-family home is $822,375.

This is an 6.9% increase over the 2020 loan limits which were set at $765,600 for a single-family conventional.

The tables above provide a complete breakdown of 2021 loan limits in District of Columbia, DC for FHA Loans, Conforming Loans, VA Loans, and HECM Reverse Mortgages.

What's Next?

If you are interested in purchasing a home with a conventional or FHA loan, the next step is to talk to a real estate agent and find a lender.

Not all lenders are the same. Some will not do FHA loans while others specialize in it. Rates may vary between lenders so it is important to shop around.

Loan Limits on this page apply to the following cities in District of Columbia, District Of Columbia: Washington, Washington Navy Yard, and Naval Anacost Annex.

These loan limits also apply to the following ZIP codes in District of Columbia, District Of Columbia: 20011, 20019, 20002, 20009, 20020, 20001, 20032, 20016, 20008, 20010, 20007, 20003, 20015, 20017, 20018, 20012, 20005, 20024, 20037, and 20036.

District of Columbia, DC is considered part of the following metro area: WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV.

Other counties in the same metro area are: Calvert County, MD, Charles County, MD, Frederick County, MD, Montgomery County, MD, Prince George's County, MD, Arlington County, VA, Clarke County, VA, Culpeper County, VA, Fairfax County, VA, Fauquier County, VA, Loudoun County, VA, Madison County, VA, Prince William County, VA, Rappahannock County, VA, Spotsylvania County, VA, Stafford County, VA, Warren County, VA, Alexandria city, VA, Fairfax city, VA, Falls Church city, VA, Fredericksburg city, VA, Manassas city, VA, Manassas Park city, VA, and Jefferson County, WV.

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Data Source

HUD Seal

FHA Loan limits are published by the HUD. Conforming loan limits are published by Federal Housing Finance Agency (FHFA).

Last updated on January 2, 2021