FHA Loan Requirements
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.
- The Facts About FHA Credit Requirements and FICO® Scores
- Do FHA Loan Requirements Apply to All Borrowers?
- Your FHA Loan Credit Qualifications

FHA Limits for 2023 Announced!
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 |

Down Payment Grants for FHA Loans
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
August 28, 2023 - It’s too easy to overlook critical details as you get closer to closing day. It’s also easy for first-time home buyers to miss details because they aren’t experienced with home loans. A closing checklist can help you keep all those details in one place so you can refer back to them if needed.
August 27, 2023 - An important option to consider when looking to build a new home in Colorado is utilizing the FHA / VA One-Time Close construction loan. Zillow® reports the typical home value reached $537,600 up through the date of this article.
August 26, 2023 - Low inventory of homes for sale could be partly due to the many house hunters who purchased while home loan interest rates were low. Those buyers seem to be hanging on to their homes for the long haul.
August 25, 2023 - If you are thinking about buying a home in another state with an FHA mortgage, there are some issues to keep in mind. House hunting in an area you are familiar with is a lot easier than buying property in a place you don’t really know.
August 24, 2023 - Need to start a home improvement project? Some borrowers want to know if there is an FHA equivalent to some conventional mortgages that allow you to apply for a home equity loan or a home equity line of credit.
August 23, 2023 - If you have never purchased a home before, you might not know where to start when it comes time to shop around for the right lender. These five question might help you get started on coming up with your own list of issues that are important to you.
August 22, 2023 - There are five important things to know about the down payment requirements for an FHA home loan. Before we launch into those five things, it’s important to note that the earlier you begin saving a down payment for your home loan, the better.
August 21, 2023 - When you buy a house with an FHA mortgage or any other type of home loan, you’ll want to know about any issues with the property you personally aren’t trained to identify. When you skip the inspection you risk buying a house with hidden problems.
August 20, 2023 - There are many problems you can run into when shopping for a home. If you want to buy or build a home with an FHA mortgage, there are some issues you can anticipate to make your journey to homeownership less of a hassle.
August 19, 2023 - An important option to consider when looking to build a new home in South Carolina is utilizing the FHA / VA One-Time Close construction loan. Zillow® reports the SC medium home value reached $287,618 at the end of second quarter of 2023.

Homebuyer Terminology
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!
