HUD Loan Limits

HUD Loan Limits on FHA Loans

Gustan Cho Associates are mortgage brokers licensed in 48 states

This guide will cover the HUD Loan Limits on FHA loans in common and high-cost areas. As expected, HUD, the parent of FHA, has increased FHA loan limits to $472,030 in most counties in the U.S. HUD loan limits increased for four years in a row. Part of the HUD loan limit on FHA loans increase is due to increasing home prices.

The U.S. Department of Housing and Urban Development (HUD) normally follows the Federal Housing Finance Agency (FHFA) when the FHFA increases conforming loan limits. The FHFA increased Conforming Loan Limits last week to $726,200,

The lower loan limits on conforming and FHA loans are a hurdle for homebuyers when shopping for a home during a hot housing market. The VA will no longer have a maximum loan limit starting January 1st, 2020. HUD loan limits started to increase in 2016. Since 2016, HUD loan limits have been increasing every year for the past seven years. This article will discuss the breaking news on HUD loan limits On FHA loans increasing to $472,030.


Breaking News On HUD Loan Limits Being Increased

Below is a chart that lists the loan limits on one to four-unit residential homes and the high-balance loan limits on FHA loans:

In certain areas in the country, home prices are substantially higher than in common areas. These areas are labeled as high-cost areas. FHA Loan limits in high-cost areas are higher than in the rest of the United States.

Due to higher home prices, Alaska, Hawaii, Guam, and the U.S. Virgin Islands have higher FHA loan limits than the rest of the United States. There are many counties in California where it is considered high-cost areas.

HUD Loan Limits Increase Due to  Rising Home Prices

This breaking news of HUD increasing FHA loan limits to $726,200 for 2023 is the seventh consecutive increase. Last week, the Federal Housing Finance Agency announced that Conforming Loan Limits will increase to $726,200.

The FHFA has increased conventional loan limits for four years in a row. HUD normally follows FHFA’s lead when raising FHA Loan Limits. The increase in FHA Loan Limits for 2023 greatly benefits homebuyers.

This holds true due to rising home prices and a competitive housing market. HUD loan limits have been increasing every years since 2016.

Useful Online Links On FHA Mortgages And Updates To Agency Guidelines

Quick Links To HUD’s Website:

View Mortgagee Letter 2019-19 by HUD and all other Mortgagee Letters at the following links:

View the online or PDF versions of the SF Handbook at:

View CY 2023 forward mortgage limits information at:

FHA Loan Limits By County And State

FHA mortgage limits by county, state, or MSA at:

A complete listing of FHA loan limits by the calendar year at:

Jurisdictions with decreases in loan limits:

Jurisdictions with increases in loan limits:

Maximum Mortgage Limits web page at:

Home Equity Conversion Mortgage (HECM) Loan Limits

Useful HECM Online Resources

A future SF Handbook release will include the maximum CY 2020 claim amount for FHA-insured HECMs.

Quick Links

View Mortgagee Letter 2019-20 and all other Mortgagee Letters at:

Maximum FHA HECM Loan Limits

Reverse mortgages are becoming more popular today than ever before. Reverse mortgages are equity-based mortgage loans. What this means is that homeowners need equity to qualify for reverse mortgages. Borrowers need to be at least 62 years old to qualify. The older the homeowner is, the higher the loan-to-value requirement.

View CY 2020 HECM limit attachments. FHA mortgage limits by county, state, or MSA at:

A complete listing of FHA loan limits by the calendar year at:

Maximum Mortgage Limits web page at:

Resources By HUD

Contact the HUD FHA Resource Center for more mortgage information about the upcoming changes on FHA Loans and loan limit increases:

Visit HUD’s online knowledge base to obtain answers to frequently asked questions 24/7 at:

E-mail the FHA Resource Center at:

Emails and phone messages will be responded to during normal hours of operation, from 8:00 AM to 8:00 PM (Eastern), Monday through Friday, on all non-Federal holidays. Or call 1-800-CALL-FHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at 1-800-877-8339.

We hope our viewers at Gustan Cho Associates will want to continue receiving information from HUD. We will update all our viewers on HUD loan limits every year. HUD safeguard its lists and does not rent, sell, or permit the use of our lists by others, at any time, for any reason.

The author(s) contributing content to this site, accept no liability or responsibility for errors, omissions or changes in market conditions that may impact the readers' conclusions drawn or assumptions related to the content of this site. The copywritten© information contained on this site is provided on an "as is" basis, at the time of publication, without guarantees of timeliness, thoroughness, accuracy, or usefulness to the consumer. The content on this site does not constitute financial or professional advice of any kind, and readers are encouraged to consult their own professional advisors for professional advice.

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