What is the highest fha loan amount

Use our FHA Loan Limit Calculator to determine the FHA mortgage limit for any county in the U.S. Input your state, county and the number of units in the property being financed to view the 2023 FHA loan limit in your area. You can also use our FHA Mortgage Qualification Calculator to determine the FHA loan you can afford and review other information about the program.

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How Our FHA Loan Limit Calculator Works

The Federal Housing Administration (FHA) offers the FHA Mortgage Program to help moderate-income individuals or individuals with limited funds purchase homes.

There are limits to the size of mortgage you can obtain through the FHA program.  Your loan cannot be more than the FHA limit for your county, even if you can afford a higher mortgage amount based on your income and other factors.  This is one of the reasons why the FHA program is more popular in areas with moderate home prices and less applicable in areas with higher home prices.

FHA loan limits vary by county and the number of units in the property, up to four units. Areas with higher home prices have higher limits and areas with lower property values have lower limits.  Single unit properties, such as homes and condos, have the lowest limit and four unit properties, such as a small apartment building, have the highest limit.

To use our FHA Loan Limit Calculator simply select the state and county where the property being financed is located and the number of units in the property.  We update our calculator regularly to make sure that you find the current FHA loan limit for the over 3,000 counties in the U.S.

How FHA Loan Limits Work

FHA Loan Limits Vary by County

FHA loan limits vary by county and by the number of units in the property being financed with single unit properties having the lowest loan limits.  There is one set of loan limits for the 48 contiguous United States, Washington D.C. and Puerto Rico and a higher set of loan limits for Alaska, Hawaii, Guam and the U.S. Virgin Islands.  In the contiguous U.S., Washington D.C. and Puerto Rico, FHA loan limits for a single unit property such as a home or condominium range from $472,030 to $1,089,300 in counties with a higher cost of living and housing prices.  The limit for a four unit property ranges from $907,900 to $2,095,200 in high cost counties.  In Alaska, Hawaii, Guam and the U.S. Virgin Islands FHA loan limits range from $1,633,950 for a single unit property to $3,142,800 for a four unit property.  Use our FHA Loan Limit Calculator to determine the FHA mortgage limit for your county.

FHA Program Property Eligibility Requirements

The FHA home loan program applies to one-to-four unit owner occupied primary residences.  If you use an FHA mortgage to buy a multi-unit property you must live in one of the units.  Second and vacation homes as well as non-owner occupied investment properties are ineligible for the FHA home loan program.  Our FHA Loan Limit Calculator enables you to understand how the limit changes depending on the number of units in the property.

Loan Limit But No Home Price Limit

The FHA program uses loan limits but does not cap the price of the home you buy.  Although program applicants typically make a low down payment, your home price can be significantly more than the loan limit if you are willing to make a larger down payment.  For example, if the FHA loan limit in your county is $300,000, you can use the program to buy a $500,000 home but you are required to make a $200,000 down payment, or 40% of the purchase price, which is higher than usual.  This feature is applicable to people with low credit scores who may not be able to qualify for other mortgage programs but who have significant funds saved for a down payment.  This may also be helpful for people who live in areas with higher home prices.

No Income Limits

Although FHA mortgages are designed to help low-to-moderate income individuals, it is important to highlight that the program does not apply borrower income limits. This means anyone can apply for the program, regardless of how much money you make.  This can be especially useful for applicants with higher incomes and imperfect credit profiles, although they may be eligible for a larger loan amount with other mortgage programs that apply higher or no loan limits.  

Current FHA Mortgage Rates in San Diego1, California1 as of December 24, 2022

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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

While we pride ourselves on the quality and breadth of the FREEandCLEAR mortgage calculators please note that they should be used for informational purposes only. Our calculators rely on assumptions by us and inputs and assumptions provided by you, which may be inaccurate. The outputs from our calculators are estimates only and should not be used as the sole basis for making any financial decisions. Always consult multiple financial professionals when determining the mortgage size and program that is appropriate for you.

More FREEandCLEAR Mortgage Resources

FHA Home Loan Guide

Review our comprehensive overview of the FHA home loan program including borrower qualification requirements and other key program features such as property eligibility and FHA mortgage insurance premium (MIP) fees

FHA Interest Rates

Use our FHA interest rate table to review updated FHA rates and fees for lenders in your area.  Comparing multiple lenders is the best way to find the FHA mortgage with the lowest interest rate and costs

Sources

"FHA Mortgage Limits." Federal Housing Administration. U.S. Department of Housing and Urban Development, 2021. Web.

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