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FHA's Loan Limit


Blog by Tomi (Tomyal Emptage) | December 20th, 2018


Last week, HUD announced the FHA’s loan limit ceiling will increase up to $314,827 from $294,515 this year beginning January 1st, 2019.

Take a look at how your clients could potentially purchase a home at a higher price in 2019 vs. 2018 with the increase in FHA loan limits:

2019

Purchase Price

Down Payment 

Max Loan 

$324,246

3.5%

$314,827

$393,534

20%

$314,827

2018

Purchase Price

Down Payment

Max Loan 

$305,197

3.5%

$294,515

$368,144

20%

$294,515

This is great news and helpful for future home buyers.

Why? They could potentially benefit from more qualifying flexibility and higher priced homes associated with FHA loan programs.

Click here to see how these rates may be different in your area!

If this affects any of your clients, please have them contact me immediately to learn more!

Brought to you by HUD.gov