Higher limits for FHA loans mean greater flexibility for borrowers, and another sign of strong price gains!

The Federal Housing Administration recently announced that FHA mortgage loan limits will be increased in almost every area of the country next year. 3,011 counties across the country will be given the increase in maximum FHA loan amount, versus just 223 counties that will remain at the same limits. The FHA is required by the National Housing Act to set Single Family loan limits at 115% of median home prices in each county, so this is yet another sign of the strength of home prices currently. For comparison, in 2016, the FHA increased loan limits in just 118 counties across the country.

In high-cost areas, the FHA’s loan limit will increase to $679,650, up from $636,150 this year, and that means that buyers will have that much more in terms of the available mortgage programs designed to help them borrow enough to buy a home in a rising market. The limit increases put FHA more in line now with Fannie Mae and Freddie Mac loans, all of which provide important help to boost home buying and make mortgages more attainable, especially for those with lower income.

You can find a complete list of FHA loan limits for every county here:


And you should ask us for more information about all of the various loan (and downpayment!) programs available for you to take advantage of.   Talk to us about getting the search for your next property started today, and 2018 could be the year you move into your dream home!