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New FHA / HUD Guidelines will insure new increased loan amounts based on your county and state. Qualifying customers can now apply for an FHA Jumbo Loan.

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 Jumbo Loans

Borrowing the FHA Loan Maximum Amount

FHA Jumbo Loans

New FHA / HUD Guidelines will insure new increased loan amounts based on your county and state. That means you can take advantage of new maximum loan limits for FHA loans. Qualifying customers can now apply for an FHA Jumbo Loan up to the maximum allowed by FHA. You can apply for a home loan with 3.5% down under new FHA loan limits.

A sampling of FHA approved lenders show the following qualifying guidelines:

  1. Qualified borrowers pay for closing costs plus down payment covering the 3.5% statutory minimum.
  2. Standard FHA guidelines and regulations apply, yet many lenders do require a 580 FICO score.
  3. For greater loan amounts on purchases, minimum FICO scores increase to 600 on Purchase, Rate / Term refinances and to 640 on cash-out refinances.
  4. Maximum Debt to Income Ratio's are 43% on the back end.
  5. No down payment assistance on loan amounts over $484,350.
  6. No non traditional credit.
  7. Declining Markets: Two appraisals will be required when the loan amount, excluding upfront MIP, will exceed $484,350 and the LTV equal to or greater than 95%.

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HUD Takes Action Against Home Loan Appraisal Bias

June 6, 2023 - What steps are the Biden administration and the banks taking? According to a DoD fact sheet, Federal banking agencies are in the process of issuing proposed guidance on how financial institutions may integrate fair appraisal controls into their current processes for a start.

Buying Your First Home with an FHA Loan

June 3, 2023 - If you’re thinking about buying a home this year and you need to save more money upfront on your down payment, an FHA mortgage is an option to consider thanks to its minimum 3.5% down payment. There are other perks to FHA loans, as we’ll discover in this article.

Anticipating FHA Loan Costs When Building a Home

June 1, 2023 - If you use an FHA One-Time Close construction loan to build a house from the ground up and don’t have a plot of land, you’ll need to purchase the land in conjunction with the construction loan. It’s an expense that may push up the cost of the loan, but a necessary one.

FHA Loan Down Payment Facts

May 30, 2023 - Knowing the down payment rules before you start saving for your home loan may make the entire process more efficient, especially if you know you’re required to give the lender the sources of your down payment money and document it accordingly.