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For 2021, HUD made home ownership more attainable for millions of Americans by increasing the loan limits in 96.13% (3,108) 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, 2021.

FHA Rates Near 50 Year Low!

Now is the time to drop the interest rate on your 30-year mortgage or refinance into a 15-year home loan.

FHA Rates for May 7, 2021

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Find out why FHA mortgages with low down payments are so popular with homebuyers.

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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 Announces Updates to Home Loan Rules

May 6, 2021 - Many Americans have needed foreclosure avoidance measures due to economic hardship brought on by the global pandemic. The FHA and HUD have announced many steps to help homeowners with FHA mortgages keep their home.

One-Time Close Construction Loans in Florida

May 3, 2021 - FHA / VA / USDA One-Time Close construction loans are an important option to consider for those looking to build  a new home in Florida. Florida home values have gone up 10.0% over the past year and Zillow predicts they will continue to rise within the next year.
 

Home Loan Issues You Should Know About

May 1, 2021 - What kinds of problems make it tougher for your lender to approve your mortgage loan application? We all know that credit scores, loan repayment history, and the amount of debt you carry can affect your ability to get home loan approval.

Plan Your FHA Mortgage Before the Application Process

April 29, 2021 - Before you fill out loan application paperwork, you’ll need a year or more to save up for the down payment and closing costs, work on your credit to lower your FICO score, and reduce the amount of your debt. But there are some other areas you will want to consider during this time.

How Much Down Payment Do I Need to Build My Home?

April 27, 2021 - If you’re thinking about building your home from the ground up using a One-Time Close loan, your down payment depends on the type of mortgage you seek -- VA, FHA, USDA, conventional, etc. Down payments requirements can range from zero to 20% and is separate from closing costs.

Amortization and the FHA One-Time Close Construction Loan

April 26, 2021 - The FHA One-Time Close construction loan, like its USDA and VA counterparts, is a mortgage that allows you to have a house built to your specifications rather than buying an existing home. But one issue borrowers need to be aware of when using a construction loan--amortization issues.

FHA Home Loans For First-Time Home Buyers

April 24, 2021 - The FHA single-family home loan program is an excellent choice for first-time borrowers looking for a starter home. Many first-time buyers turn to this program because of its low 3.5% down payment requirement for qualified borrowers with FICO scores at 580 or above.

Why Did I Get Denied an FHA Home Loan?

April 22, 2021 - If you are afraid of being denied an FHA home loan, there are some things you can do to work on your credit to get closer to home loan approval. A consistent record of on-time payments, low debt to income ratios, and good credit scores get you loan approval.

VA Construction Loans for Veterans

April 21, 2021 - The Department of Veterans Affairs offers qualifying servicemembers and veterans a no-money down VA home loan that can be used to buy a home with no VA loan limit for first-time users or those who have full VA home loan entitlement.

Things That Can Derail Your Home Loan

April 18, 2021 - When you apply for a home loan, there are some things that can stop your loan dead in its tracks. If you are concerned about being approved for a home loan, in addition to the typical things you’ll do to prepare, add these issues to your checklist and make sure you know how to avoid them.

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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!