The Federal Housing Finance Agency (FHFA) has just announced the 2025 conforming loan limits. These limits are the maximum amounts that can be borrowed with a conforming mortgage. Higher amounts require a jumbo loan. Those who are shopping for a home in FL in 2025 will be pleased to learn that the conforming loan limits have gone up significantly.
Here are the 2025 Conforming Loan Limits for Florida
In its announcement, the FHFA states, “In most of the United States, the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2 percent) from 2024.” You can read the announcement for the full details. Below, we are sharing information specific to Florida with you.
The conforming loan limits are set for each county individually across the US to reflect the cost of housing in that county.
Here are the conforming loan limits for Broward County in 2025, which is where PLC is based:
- 1 unit: $806,500
- 2 units: $1,032,650
- 3 units: $1,248,150
- 4 units: $1,551,250
So that you can compare from year to year, here were the 2024 conforming loan limits for Broward County:
- 1 unit: $766,550
- 2 units: $981,500
- 3 units: $1,186,350
- 4 units: $1,474,400
The conforming loan limits for Broward County are the baseline conforming loan limits. These are the conforming loan limits for most counties in the US, and almost every county in FL. The only exception is Monroe County.
Here are the 2025 conforming loan limits for Monroe County:
- 1 unit: $967,150
- 2 units: $1,238,150
- 3 units: $1,496,600
- 4 units: $1,859,950
If you conduct a home search in that county, you will notice that home prices on average are higher. That is why the conforming loan limits are too. That way, homebuyers are less likely to be priced out of a conforming mortgage when shopping for a typical home in this county.
How Higher Conforming Loan Limits for 2025 Benefit Homebuyers
Here is why it is good news that conforming loan limits have increased. Higher conforming loan limits allow you to borrow more money without having to resort to taking out a jumbo loan.
The process to qualify for a conforming loan is less rigorous than the one to qualify for a jumbo loan. You also may be able to make a lower down payment on a home with a conforming mortgage. So, higher conforming loan limits help to keep entry barriers lower for more homebuyers. Interest rates for conforming mortgages tend to be a little lower than those for jumbo loans as well.
Buy a Home in South Florida
If you want to purchase a home in South Florida, or anywhere in the state, PLC can help you make it happen. To schedule your consultation, please give us a call at 954-840-8811. We look forward to helping you buy a home with competitive mortgage rates and excellent terms.