Tags: 2021 Low-Cost EASTON, MD
Loan Limit Tables Talbot 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 Talbot County, MD.
Conforming Loan Limits
FHA Loan Limits
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 Talbot County.
The last survey of home prices in Talbot County was conducted in 2020 and found the median home price was $355,000.
Loan Limits Summary
Based on the median home price, Talbot County was determined to be a "low-cost" area. Accordingly, 2021 loan limits in Talbot County are set equal to the national baseline limit.
The 2021 conforming loan limit for a single-family home in Talbot County, MD is $548,250. The FHA loan limit for a single-family home is $408,250.
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 Talbot County, MD for FHA Loans, Conforming Loans, VA Loans, and HECM Reverse Mortgages.
Loan Limits on this page apply to the following cities in Talbot County, Maryland: Easton, Saint Michaels, Trappe, Cordova, Oxford, Royal Oak, Tilghman, Wye Mills, Bozman, Claiborne, Wittman, McDaniel, Neavitt, Newcomb, and Sherwood.
These loan limits also apply to the following ZIP codes in Talbot County, Maryland: 21601, 21663, 21673, 21625, 21654, 21662, 21671, 21679, 21612, 21624, 21676, 21647, 21652, 21653, and 21665.
Talbot County, MD is considered part of the following metro area: EASTON, MD.
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