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The Front Porch Blog

Education on all things homeownership

FHA Announces New Loan Limits for 2019

December 17, 2018 Blog, Industry News

The Federal Housing Administration (FHA) has announced their new loan limits—and it looks like it’s another increase in 2019! The U.S. Department of Housing and Urban Development (HUD) is required each year to set a maximum mortgage loan limit that the FHA can insure. Loan limits ensure that the size of loans given reflects the changes in the average U.S. home prices. These limits adjust each year based on those set by the Federal Housing Finance Agency (FHFA) for conventional mortgage loans.

What that means for YOU!

With these limit increases, homebuyers may qualify for more than in previous years! In high-cost areas, the FHA’s maximum loan limit, known as the “ceiling”, will increase to $726,525. The minimum national loan limit, or the “floor”, will increase to $314,827. Please note, there may be several counties where these loan limits will remain the same. For a complete list of FHA loan limit areas, please visit https://entp.hud.gov/idapp/html/hicostlook.cfm

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