The new Official 2022 maximum loan limits were just released. Nathan Purdome, of Schaffer Mortgage here on St. Croix, shared them with us and we want to pass them on to you. Thank you so much Nathan.

Christie and I would love to answer any questions you have about purchasing a property on St. Croix, getting a mortgage or anything else about the buying process. Please contact us, we’d love to talk with you.


  • 1-unit: will be $970,800
  • 2-unit: will be $1,243,050
  • 3-unit: $1,502,475
  • 4-unit: $1,867,275

FHA on St. Croix are as follows:

  • 1-unit: will be $420,680
  • 2-unit: will be $538,650
  • 3-unit: $651,050
  • 4-unit: $809,150

Conventional (also known as “conforming”) loans are available through private lenders, such as banks, credit unions, and mortgage companies and are a great option if you have a solid credit score and sufficient down payment. Conventional financing can be utilized for a primary residence, second home, or investment property.

FHA loans are backed by the federal government and as such will allow for a lower minimum down payment. FHA loans are also more forgiving of lower credit scores. FHA loans are only available for primary residence but will allow for up to a 4-unit property.

Both FHA and Conventional loan amounts have maximum loan limits. These limits will vary based on the number of living-units on the property and the property location. Properties with over 4 units are considered commercial and do not qualify for FHA or conventional loans.