There is good news for homebuyers in Florida in 2026. The FHFA has just announced that the conforming loan limits have been raised for 2026. Higher conforming loan limits will help more homebuyers purchase a home without needing to take out a jumbo mortgage.
What are the 2026 Conforming Loan Limits for Miami?
The Federal Housing Finance Agency (FHFA) announced, “In most of the United States, the 2026 CLL value for one-unit properties will be $832,750, an increase of $26,250 from 2025.”
This increase is based on the increase that the FHFA found in house prices between Q3 2024 and Q3 2025. They found that the average home price increase was 3.26%. So, they used that percentage to adjust the baseline loan limits for 2026.
Conforming loan limits can vary from county to county, with the majority of counties set to use the national baseline. In higher cost counties, the conforming loan limits are also higher.
Miami is located in Miami-Dade County. These are the 2026 conforming loan limits for Miami-Dade County:
- 1 unit: $832,750
- 2 units: $1,066,250
- 3 units: $1,288,800
- 4 units: $1,601,750
For comparison, here are the 2025 conforming loan limits for Miami-Dade County:
- 1 unit: $806,500
- 2 units: $1,032,650
- 3 units: $1,248,150
- 4 units: $1,551,250
The Miami-Dade conforming loan limits are the same as the baseline conforming loan limits that apply to most counties in the US.
Moreover, all Florida counties fall into this same category. None of them are classified as higher cost areas with higher limits. So, no matter what part of FL you want to buy a home in, these same conforming loan limits apply.
Here is How Florida Homebuyers Benefit from Higher Loan Limits
The main benefit of higher conforming loan limits is that it makes it less likely that FL homebuyers will need to apply for a non-conforming “jumbo” mortgage.
Qualifying for a jumbo loan can be more challenging than qualifying for a conforming loan, because the requirements for your down payment and credit score are stricter.
Being able to apply for a conforming loan instead of a jumbo loan helps more homebuyers qualify and may also result in a more competitive interest rate.
You also may be able to buy the home you really want with a conforming loan, instead of waiting until you qualify for a jumbo loan or missing out on the chance to own your dream home altogether.
With a conforming loan, you may find it easier to accomplish your financial goals as a homeowner, now and in the future.
FAQ
Let’s wrap up by answering a few frequently asked questions about the 2026 conforming loan limits.
- Q: Will my mortgage rate be affected by the higher conforming loan limits?
- A: All things being equal with your application, a conforming loan generally carries a more competitive interest rate than a jumbo loan in most cases in most cases. So, if you are able to take out a conforming loan rather than a jumbo loan thanks to the higher conforming loan limits for 2026, that means you may qualify for a more competitive interest rate.
- Q: Will the higher conforming loan limits prevent me from needing a jumbo loan?
- A: Possibly. Whether or not that is the case depends on how much you need to borrow. If it is within the 2026 conforming loan limits, then yes, you can avoid taking out a jumbo loan. But if it still exceeds the new conforming loan limits, then you will still need a jumbo loan.
- Q: How do I check the conforming loan limits for my county?
- A: You can do this by consulting the official chart that was published by the FHFA. Look for the row that lists your county and then check the amount for the number of units for the property you want to buy. Since all the counties in FL have the same conforming loan limits in 2026, you can just use the numbers we shared with you in this post.
Buy a Home in Miami or Beyond
During your consultation, we can answer all your questions about conforming loan limits in 2026. We can also help you figure out what type of mortgage is suitable for your scenario and walk you through the steps to apply. To get started, please give us a call at (786) 220-1100 to schedule your consultation. We can help you buy a home in Miami or anywhere in FL.