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2018 FHA loan limits announced

On December 7, 2017 Federal Housing Administration announced new 2018 FHA mortgage limits, effective for FHA case #’s pulled on or after 1/1/18.

The official website to look up 2018 FHA mortgage limits by county can be found at FHA Mortgage Limits Search.

The “floor” mortgage limit, which is the FHA national low-cost area mortgage limit, has increased from $275,665 to $294,515 for one-unit properties.  That means someone can put just 3.5% down on a sales price up to $305,196.  The FHA national low-cost area mortgage limits for 1-4-unit properties are:

  • One-unit: $294,515
  • Two-unit: $377,075
  • Three-unit: $455,800
  • Four-unit: $566,425

The “ceiling” mortgage limit, which is the FHA national high-cost area mortgage limit for higher cost areas (ex. Los Angeles, San Francisco, Washington DC, New York), has increased from $636,150 up to $679,650 for one-unit properties.  That means someone can put just 3.5% down on a sales price up to $704,300.  The FHA national high-cost area mortgage limits for 1-4-unit properties are:

  • One-unit: $679,650
  • Two-unit: $870,225
  • Three-unit: $1,051,875
  • Four-unit: $1,307,175

For those seeking FHA financing in Alaska, Hawaii, Guam and the Virgin Islands, due to higher costs of construction, those mortgage limits have increased to $1,019,475.  The mortgage limits for 1-4-unit properties in those 4 areas are:

  • One-unit: $1,019,475
  • Two-unit: $1,305,325
  • Three-unit: $1,577,800
  • Four-unit: $1,960,750

Further details can be found in Mortgagee Letter 17-16.

A list of Areas at Ceiling (.pdf) and a list of Areas Between Floor and Ceiling (.pdf).