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Local Loan Limits – Ovalo, TX Loan Limit Summary. Limits for FHA Loans in Ovalo, Texas range from $314,827 for 1 living-unit homes to $605,525 for 4 living-units. Conventional Loan Limits in Ovalo are $484,350 for 1 living-unit homes to $931,600 for 4 living-units. The 2019 Home Equity Conversion Mortgage (HECM) limits in Ovalo is $726,525.
You can therefore use the jumbo home loan to buy your luxury home in Texas. Nonetheless, you will need to meet the strict guidelines that the loan requires, owing to the large amount of cash that it.
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