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FHA Raises Loan Limits for 2019

Tuesday, December 18, 2018   /   by Carlos J Higareda

FHA Raises Loan Limits for 2019





December 17, 2018
















Loan text written on wooden block with stacked coins



© Nora Carol Photography - Moment/Getty Images






The Federal Housing Administration has announced that most of the country will see an increase to loan limits in the new year. The loan limit for lower-cost areas will be set at $314,827—or 65 percent of the national conforming loan limit of $484,350. In high-cost areas, the new FHA limit for 2019 will increase to $726,525, up from $679,650. The new loan limits will take effect Jan. 1.


The FHA sets single-family forward loan limits at 115 percent of median home prices, which is subject to a ceiling on limits. For the past few years, the FHA has been increasing loan limits in a greater number of counties. In 2016, the FHA raised loan limits for 188 counties. In 2019, 3,053 counties will see an uptick in FHA loan limits. View the FHA’s letter on 2019 forward mortgage limits.










Source: 

FHA Loan Limits to Increase in Most of U.S. in 2019,” HousingWire (Dec. 14, 2018)

















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