The Department of Housing & Urban Development (HUD) announced that they are increasing FHA loan limits for most counties in 2019. In high costs areas, the new FHA loan limit ceiling increased to $726,525, and the FHA majority increased to $314,827. For a county-specific list of the maximum loan limits in the U.S., click here.
What does this mean for you?
- This means you can purchase a higher priced home with more financing options!
- This will open up more houses to more buyers and the ability to finance more while avoiding jumbo loans.
Why the increase?
The average US home price has increased by 6.9% between 2017 – 2018, so HUD has adjusted the baseline conforming loan limits by the same amount.
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