UPDATE: Please see new 2020 FHA Loan Limits here.
FHA has published the latest loan limits for 2018. The FHA’s floor is currently set at 65% of the national conforming mortgage limit, which recently increased from $424,100 to $510,400 for 2018.
As a result, this increases the FHA limit $275,665 to $294,515 in most counties nationwide. The FHA high-cost limits 150% of the conforming mortgage limit, which is now to $765,600. High-cost locations like California, Florida, Virginia, Colorado, New York, etc, are those where 115% of the median home price is greater than the floor ($294,515) but less than the ceiling ($765,600). In these areas, the limit equals 115% of the median home price.
A few things to remember:
- All of the base FHA mortgage limits apply to standard 1 unit properties, 2-4 unit properties will be higher.
- The new loan limits will apply to all loans assigned FHA case numbers on or after Jan. 1, 2018.
- The limits apply to both FHA purchase and refinance transactions.
All the 2018 FHA loan limits by county can be viewed on the FHA page here. Please contact us with any questions by calling the number above or just submit the quick Info Request Form on this page.