The Federal Housing Administration increased the loan limits for 2024 in 3,338 counties across the country in order to keep up with escalating home prices. FHA limits inform borrowers of the maximum allowable loan amount available to purchase a home for every county.

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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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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.

For 2024, the FHA floor was set at $498,257 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)
SingleDuplexTri-plexFour-plex
$498,257$637,950$771,125$958,350

Also for 2024, the FHA ceiling was set at $1,149,825 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)
SingleDuplexTri-plexFour-plex
$1,149,825$1,472,250$1,779,525$2,211,600

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

Credit Qualifications for FHA Loans

July 8, 2024 - The FHA loan FICO score requirement is easy to understand. If your FICO scores fall between 500 and 579, FHA loan rules say you must pay 10% down, assuming lender standards allow loan approval for those scores.

FHA Fixed Rate Loan or FHA ARM?

July 6, 2024 - The FHA single-family home loan program includes both a fixed-interest rate option and an adjustable-rate home loan (ARM). In a housing market where mortgage rates are higher than they have been in many years, the adjustable-rate FHA loan is an option many consider.

FHA Loans to Buy, Install, or Repair Your Dream Home

July 3, 2024 - Borrowers sometimes assume things about home loan programs that aren’t true. For example, the USDA home loan option requires that the homes purchased with such loans must be in a rural area. But the USDA’s definition of rural is often quite different than you might think.

FHA Loan Questions: True or False?

July 2, 2024 - What do new homebuyers need to know about FHA home loans, and how they can help? We examine some facts and fiction below. If you have never purchased a home, the information below can help you get off to a better start.

FHA Home Loan Do's and Don'ts

July 1, 2024 - There are things a new house hunter should do when planning a home loan, especially an FHA mortgage. There are also some crucial things house hunters should NOT do. We cover some essentials in this article.

What to Look for in a House That's for Sale

June 30, 2024 - If you have never closed the deal on a mortgage loan before, house hunting might seem as daunting as buying a used car, but there are areas of the home you should add to your mental checklist of things to examine while walking through the property.

Mortgage Rate Trends for Summer 2024

June 28, 2024 - Housing prices are often affected by housing inventory. When more homes are on the market than buyers, prices may come down. However, in an environment with more house hunters than homes for sale, prices may trend higher due to demand.

More Home Loan Terms You Should Know

June 26, 2024 - Understanding key loan terminology can help. Some borrowers, for example, aren’t sure what the difference between earnest money and the down payment is. Others might wonder what a contingency reserve is or what it is supposed to do. We examine some key terms here.

Do FHA Borrowers Need a Real Estate Agent?

June 25, 2024 - There are many types of homes, home loans, and house hunters. There’s no one-size-fits-all solution for FHA loans, and knowing the right options for the right transaction is important. In the same way, there is no single criteria for deciding whether or not to use a real estate agent.

What to Know About FHA Down Payments and Earnest Money

June 23, 2024 - FHA home loans have a minimum down payment requirement of 3.5% for borrowers with qualifying FICO scores. Down payments are a crucial part of most home loan transactions. What should you know about down payments aside from the need to save early?

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!