James City County, VA

This page contains the Conforming, FHA, VA, and HECM Loan Limits for each housing type in James City County.

Return to the state page to see county affordability charts for Virginia. Click a county on the map to visit a different county.

Loan Limit Tables James City County, VA

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 2024 loan limits for James City County, VA.

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.

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 James City County.

The last survey of home prices in James City County was conducted in 2023 and found the median home price was $600,000.

Loan Limits Summary

Based on the median home price, James City County was determined to be a "low-cost" area. Accordingly, 2024 loan limits in James City County are set equal to the national baseline limit.

The 2024 conforming loan limit for a single-family home in James City County, VA is $766,550. The FHA loan limit for a single-family home is $690,000.

This is an 5.3% increase over the 2023 loan limits which were set at $726,200 for a single-family conventional.

The tables above provide a complete breakdown of 2024 loan limits in James City County, VA 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.

Related Areas

Loan Limits on this page apply to the following cities in James City County, Virginia: Williamsburg, Toano, Jamestown, and Norge.

These loan limits also apply to the following ZIP codes in James City County, Virginia: 23185, 23188, 23168, 23081, and 23127.

James City County, VA is considered part of the following metro area: VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC.

Other counties in the same metro area are: 0, NC, 1, NC, 2, NC, 3, VA, 4, VA, 6, VA, 7, VA, 8, VA, 9, VA, 10, VA, 11, VA, 12, VA, 13, VA, 14, VA, 15, VA, 16, VA, 17, VA, and 18, VA.

More on James City County, VA

• Fair Market Rents 40th percentile FMRs and SAFMRs by ZIP code
• Property Taxes to find local Property Taxes
• Income Limits to learn more about income assistance in your area
• Housing Authorites to find your local Housing Authorities

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