Fha Loan Limits: What You Can Borrow in Your Area

FHA loan limits determine the maximum amount you can borrow with a Federal Housing Administration loan. These limits vary by location and are influenced by local housing prices. Understanding these limits can help you plan your home purchase or refinance effectively.

How FHA Loan Limits Are Calculated

The FHA sets loan limits based on the median home prices in each area. They use data from the U.S. Department of Housing and Urban Development (HUD) to establish these limits annually. The limits are categorized into "floor" and "ceiling" amounts, depending on the area's housing market.

Types of FHA Loan Limits

There are two main types of FHA loan limits:

• Floor Limit: The minimum loan limit for low-cost areas.
• Ceiling Limit: The maximum loan amount for high-cost areas.

How to Find Your Area's Limits

You can find specific FHA loan limits for your area on the HUD website or through your lender. Enter your ZIP code to view the current limits applicable to your location. This information helps determine the maximum loan amount you can qualify for based on your area's limits.