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For 2020, HUD made home ownership more attainable for millions of Americans by increasing the loan limits in almost all of the 3,233 counties where they back home loans. FHA limits inform borrowers how much is available for an FHA home loan. These new loan limits are effective for case numbers assigned through Dec. 31, 2020.

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February 20, 2020
FHA Rates for February 20, 2020
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

FHA Loan Requirements

Lower Standards for Credit Scores and Down Payments

Whether you're a first time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.

580 Credit Score
- and only -
3.5% Down


FHA loan limits were established to define how much you can borrow for a HUD-backed mortgage. Each state has different limits, so be sure to look up your state to understand what is available for your FHA home loan.

Paying the upfront costs of buying a new home can be challenging. To help overcome this hurdle, many local and state agencies offer down payment assistance in the form of grants or second mortgages.

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FHA Loan Articles and Mortgage News

FHA Loans: Second Homes and Investment Properties

February 7, 2020 - FHA home loan rules for second homes and investment properties are fairly straightforward; it’s the exceptions that can be confusing. Basically, if you want an FHA mortgage, you must be prepared to occupy the property you buy with one.

Closing Your FHA Home Loan

February 5, 2020 - One big issue that can delay your closing date is incomplete paperwork. Whether you are submitting or closing the loan electronically or not, you will need to make sure all paperwork is properly filled out and complete.

FHA Home Loan Interest Rates In 2020

February 2, 2020 - What do you need to know about interest rates in 2020? Your credit score helps the lender decide what interest rate to offer you. So in addition to the market forces that change and effect the home loan rates on a daily basis, so does your own credit history.

FHA Loans: It May Be Better to Buy Instead of Rent

January 31, 2020 - Buying a home instead of renting it means doing some financial housekeeping to get started. Don’t forget to review FICO scores and credit reports and payment history to make sure you have made on-time payments for the 12 months leading up to the loan application.

FHA Home Loan Refi Tips

January 29, 2020 - Those refinancing this year will need to review their credit reports, make sure they have no late or missed payments in the year leading up to the loan application, and work hard to reduce debt and credit card use. Take some of the same steps you took when you originally applied.

Home Loan Scams to Watch Out for in 2020

January 27, 2020 - There are common home loan scams that affect house hunters, even those applying for FHA home loans. There are scams that affect borrowers at several stages of the home loan process--there is even a scam that can affect you after you have closed the deal and moved into your new home.

FHA Loan Applications

January 26, 2020 - What do you need to successfully fill out and submit an FHA loan application? Buying a home is more efficient when you get pre-approved for the loan. Pre-approval is not the same as loan approval and you will need to discuss that nuance with your loan officer before house hunting.

FHA Home Loan Down Payments: How Much?

January 25, 2020 - The FHA down payment can be as low as 3.5% of the adjusted value of the home. Compare that to the conventional loan 20% down requirement and it’s easy to see why FHA loans might be more appealing. Smaller down payments make sense if you don’t plan to keep the home long-term. 

Down Payment Rules for Home Loans

January 23, 2020 - Some borrowers who work on their credit long before applying for a loan may be eligible for the best down payment terms. You may be required to make a larger down payment if your credit score is too low. Work on your credit aggressively, and as early as possible.

The FHA 203(k) Rehab Loan: Is it Right for You?

January 22, 2020 - The FHA single family home loan handbook, HUD 4000.1 includes guidelines for FHA 203(k) loans. Borrowers should know the loan rules for this type of mortgage includes a list of projects and improvements allowed under the 203(k) rehab loan. 

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If you’re getting ready to shop around for mortgage options, it’s a good idea to brush up on some of the technical terms in our Mortgage Glossary. You’re going to be hearing a lot of them!