St. Mary's County, MD

2021 Loan Limits


Loan Limit Tables St. Mary's County, MD

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 St. Mary's County, MD.

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.


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.


VA Loan Limits

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

All Home Sizes

HECM Loan Limits

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

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 St. Mary's County.

The last survey of home prices in St. Mary's County was conducted in 2008 and found the median home price was $302,000.

Loan Limits Summary

Based on the median home price, St. Mary's County was determined to be a "low-cost" area. Accordingly, 2021 loan limits in St. Mary's County are set equal to the national baseline limit.

The 2021 conforming loan limit for a single-family home in St. Mary's County, MD is $548,250. The FHA loan limit for a single-family home is $356,362.

This is an 6.9% increase over the 2020 loan limits which were set at $510,400 for a single-family conventional.

The tables above provide a complete breakdown of 2021 loan limits in St. Mary's County, MD 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 St. Mary's County, Maryland: Mechanicsville, Lexington Park, Leonardtown, California, Hollywood, Great Mills, Charlotte Hall, Chaptico, Callaway, Clements, Valley Lee, Avenue, Saint Inigoes, Patuxent River, Ridge, Tall Timbers, Piney Point, Bushwood, Dameron, and Park Hall.

These loan limits also apply to the following ZIP codes in St. Mary's County, Maryland: 20659, 20653, 20650, 20619, 20636, 20634, 20622, 20621, 20620, 20624, 20692, 20609, 20684, 20670, 20680, 20690, 20674, 20618, 20628, and 20667.

St. Mary's County, MD is considered part of the following metro area: CALIFORNIA-LEXINGTON PARK, MD.


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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