The FHA, or the Federal Housing Administration, was established by the government to improve housing conditions for Americans.
– Less credit restrictions
– Lower private mortgage insurance (PMI) premiums
– No cash reserves required.
2020 FHA Limits
Lending Limits for FHA Loans in Your State
The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.
For 2021, the FHA floor was set at $548,250 for single-family home loans. This minimum lending amount covers 80% of all U.S. counties. The FHA ceiling represents the maximum loan amount and is illustrated in the table below.
| FHA Limits (low cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $548,250 | $702,000 | $848,500 | $1,054,500 |
Also for 2020, the FHA ceiling was set at $822,375 for single-family home loans. This represents the highest amount that a borrower can get through the FHA loan program. It applies to high cost areas in the United States and is illustrated in the table below.
| FHA Limits (high cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
The FHA, or the Federal Housing Administration, was established by the government to improve housing conditions for Americans.
– Less credit restrictions
– Lower private mortgage insurance (PMI) premiums
– No cash reserves required.
2020 FHA Limits
Lending Limits for FHA Loans in Your State
The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.
For 2021, the FHA floor was set at $548,250 for single-family home loans. This minimum lending amount covers 80% of all U.S. counties. The FHA ceiling represents the maximum loan amount and is illustrated in the table below.
| FHA Limits (low cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $548,250 | $702,000 | $848,500 | $1,054,500 |
Also for 2020, the FHA ceiling was set at $822,375 for single-family home loans. This represents the highest amount that a borrower can get through the FHA loan program. It applies to high cost areas in the United States and is illustrated in the table below.
| FHA Limits (high cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
The FHA, or the Federal Housing Administration, was established by the government to improve housing conditions for Americans.
– Less credit restrictions
– Lower private mortgage insurance (PMI) premiums
– No cash reserves required.
2020 FHA Limits
Lending Limits for FHA Loans in Your State
The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.
For 2021, the FHA floor was set at $548,250 for single-family home loans. This minimum lending amount covers 80% of all U.S. counties. The FHA ceiling represents the maximum loan amount and is illustrated in the table below.
| FHA Limits (low cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $548,250 | $702,000 | $848,500 | $1,054,500 |
Also for 2020, the FHA ceiling was set at $822,375 for single-family home loans. This represents the highest amount that a borrower can get through the FHA loan program. It applies to high cost areas in the United States and is illustrated in the table below.
| FHA Limits (high cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
The FHA, or the Federal Housing Administration, was established by the government to improve housing conditions for Americans.
– Less credit restrictions
– Lower private mortgage insurance (PMI) premiums
– No cash reserves required.
2020 FHA Limits
Lending Limits for FHA Loans in Your State
The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.
For 2021, the FHA floor was set at $548,250 for single-family home loans. This minimum lending amount covers 80% of all U.S. counties. The FHA ceiling represents the maximum loan amount and is illustrated in the table below.
| FHA Limits (low cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $548,250 | $702,000 | $848,500 | $1,054,500 |
Also for 2020, the FHA ceiling was set at $822,375 for single-family home loans. This represents the highest amount that a borrower can get through the FHA loan program. It applies to high cost areas in the United States and is illustrated in the table below.
| FHA Limits (high cost areas) | |||
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |