New FHA Loan Limits
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.
Information provided on this website is for informational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. American Mortgage Brokers does not guarantee the quality, accuracy, completeness or timelines of the information. While efforts are made to verify it, the information should not be assumed to be error free. Some information on the website may have been provided by outside sources and has not necessarily been verified by American Mortgage Brokers. American Mortgage Brokers does not assume any liability for the information contained herein.