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The Federal Housing Administration increased the loan limits for 2023 in 3,222 counties across the country due to house price appreciation through the first half of last year. FHA limits inform borrowers of the maximum allowable loan amount available to purchase a home for every county.

FHA Loan Programs for 2023

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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.

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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.

For 2023, the FHA floor was set at $472,030 for single-family home loans. This minimum lending amount covers most U.S. counties. The FHA ceiling represents the maximum loan amount and is illustrated in the table below.

FHA Limits (low cost areas)
Single Duplex Tri-plex Four-plex
$472,030 $604,400 $730,525 $907,900

Also for 2023, the FHA ceiling was set at $1,089,300 for single-family home loans. This represents the highest amount that a borrower can get through the FHA loan program. It applies to high cost areas in the United States and is illustrated in the table below.

FHA Limits (high cost areas)
Single Duplex Tri-plex Four-plex
$1,089,300 $1,394,775 $1,685,850 $2,095,200

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

Using an Escrow Account With an FHA Mortgage

May 13, 2023 - If you take out an FHA loan to buy, renovate, or build a new home, you may be required to use an escrow account to pay property taxes, contractors, or other loan-related expenses. But what IS escrow?

FHA Loan Facts and Fiction: Loan Purposes and Other Issues

May 12, 2023 - The purpose of your home loan matters, and there’s no single FHA mortgage for all options. You may need to choose a construction loan, a rehabilitation mortgage, or a purchase loan with the option to add energy-saving upgrades to the home. Which loan is right for you?

Pros And Cons of an Adjustable Rate Mortgage

May 11, 2023 - An ARM has a low introductory rate period, but that period ends, and rate adjustments begin soon after. If your rate adjustments push your mortgage payments higher, and you have no exit strategy for when rate changes begin, you might wind up paying more for your home loan than you prefer.

Are Mortgage Rates Recovering?

May 10, 2023 - It’s easy to get confused by the headlines in the finance sector, especially where interest rates are concerned. And even more so when it’s mortgage loan interest rates. We’ve seen headlines touting a dramatic fall in rates one day and a swing in the opposite direction the next.

FHA Loan Definitions You Should Know

May 8, 2023 - If you have never purchased or refinanced a home with an FHA mortgage, there are some terms and definitions you’ll learn along the way.  Having some familiarity with these can help you in the earliest days of your home loan or refinance loan experience.

Do Mortgage Rate Changes Affect Your FHA Loan?

May 6, 2023 - Rates go high, and rates fall. There is a cycle at work that is driven by a range of influences, including Fed actions to shore up the U.S. economy, investor reaction to those efforts, buyer enthusiasm, plus local housing inventory and competition for it.

Mistakes to Avoid When House Hunting

May 4, 2023 - FHA loans offer options for buying an existing home, building a new one, or renovating a property that might not otherwise be approved for an FHA mortgage. There are some mistakes to avoid no matter what kind of FHA loan you need. Sometimes knowing is half the battle.

Mortgage Recast vs. Mortgage Loan Modification

May 3, 2023 - What is the difference between a home loan modification and recasting a home loan? These two practices have very specific applications; they are not different names for the same thing. Your specific needs for one of these will determine how you apply for one option or the other.

Home Loan Fee Structure Changes

May 2, 2023 - News outlets, including CBS Miami and many others, have reported on changes to the Federal Housing Finance Agency’s fee structure for Fannie Mae and Freddie Mac loans.

What Affects Your FHA Mortgage Payment

May 1, 2023 - If you are new to house hunting and home loans, you might understandably be tempted to view your potential mortgage payment as nothing more than the principal and interest multiplied by the number of months of your loan term.

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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!