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FHA mortgage lending limits vary based on a variety of housing types and the state and county in which the property is located. FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment.

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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 July 13, 2020
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

2020 FHA Limits

Lending Limits for FHA Loans in Your State

The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

For 2020, the FHA floor was set at $331,760 for single-family home loans. This minimum lending amount covers 80% of all 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
$331,760 $424,800 $513,450 $638,100

Also for 2020, the FHA ceiling was set at $765,600 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
$765,600 $980,325 $1,184,925 $1,472,550

FHA Loan Requirements

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FHA Loan Articles and Mortgage News

FHA Loan Limits: The Basics

July 6, 2020 - How much do you know about home loan limits and how they work? If you are shopping for a home to buy, an FHA mortgage can help with its lower down payment requirements and more forgiving FICO score requirements.

How Do FHA Loan Limits Work?

July 1, 2020 - The Federal Housing Administration sets FHA loan limits on an annual basis. FHA home loans have a maximum loan amount that is established in accordance with the National Housing Act. FHA and HUD adjust the limits at the end of the closing year and before the new year.

When the Appraisal Comes in Lower Than the Sales Price

June 14, 2020 - But what happens if you haggle with the owner, agree to a price, and then then FHA appraisal comes in lower than the sales price amount? This can be a problem for borrowers when they don’t fully understand their options for an FHA mortgage.