What is the conventional loan limit for 2-4 unit properties?
For 2026 the FHFA baseline limits are $1,066,250 on a two-unit, $1,288,800 on a three-unit, and $1,601,750 on a four-unit — well above the $832,750 one-unit baseline. Most Florida counties use these baseline figures; high-cost counties are higher.
What this actually means.
FHFA publishes a separate conforming limit for each property size, and HERA requires the 2-, 3-, and 4-unit limits to rise by the same percentage as the one-unit limit — 3.25735384% for 2026. That produced baseline values of $1,066,250, $1,288,800, and $1,601,750 for two-, three-, and four-unit homes. In high-cost counties FHFA applies multipliers to the local one-unit value, so a duplex in a high-cost Florida county can exceed the baseline. The whole table resets each January, so confirm the county figure against the FHFA conforming loan limit lookup before writing on a 2-4 unit property. Worth separating two things on a small multi-family file: the conforming limit caps the loan, but occupancy, reserves, and rental-income treatment usually decide whether it works. Subject to FHFA-published limits and Fannie/Freddie guidelines.
Where this can move.
FHFA county limits update annually. Confirm against the current FHFA conforming loan limit lookup before structuring an offer.
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More conventional questions on Loan Limits.
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.