FHA boosts its loan limits for 2019 by nearly 7%

Come January 1, 2019, the Federal Housing Administration’s (FHA’s) loan limits are set to increase across most areas in the country. The U.S. Department of Housing and Urban Development (HUD) announced that FHA loan limits would be increasing in more than 3,000 counties.
FHA is required by the National Housing Act, as amended by the Housing and Economic Recovery Act of 2008, to set single-family forward loan limits at 115% of median house prices, subject to a floor and a ceiling on the limits. FHA calculates forward mortgage limits by Metropolitan Statistical Area and county.
FHA’s 2019 minimum national loan limit, or floor, of $314,827 is set at 65% of the national conforming loan limit of $484,350. This floor applies to those areas where 115% of the median home price is less than the floor limit.
Any areas where the loan limit exceeds this floor is considered a high-cost area, and HERA requires FHA to set its maximum loan limit “ceiling” for high-cost areas at 150% of the national conforming limit.


Mortgage maximums as of Tuesday January 01, 2019

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MSA Name MSA Code Division County Name County
State One-Family Two-Family Three-Family Four-Family Median Sale Price Last Revised Limit Year
LAS VEGAS-HENDERSON-PARADISE, NV 29820 CLARK 003 NV $322,000 $412,200 $498,250 $619,250 $280,000 01/01/2019 CY2019


The CY2019 basic standard mortgage limits for FHA insured loans are:
One-family Two-family Three-family Four-family
FHA Forward $314,827.00 $403,125.00 $487,250.00 $605,525.00
HECM $726,525.00
Fannie/Freddie $484,350.00 $620,200.00 $749,650.00 $931,600.00

High-cost area limits are subject to a ceiling based on a percent of the Freddie Mac Loan limits
The ceilings for CY2019 are:
One-family Two-family Three-family Four-family
FHA Forward $726,525.00 $930,300.00 $1,124,475.00 $1,397,400.00
HECM $726,525.00
Fannie/Freddie $726,525.00 $930,300.00 $1,124,475.00 $1,397,400.00

Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150 percent of the new ceilings. This results in new CY2019 ceilings for these areas of:
One-family Two-family Three-family Four-family
FHA Forward $1,089,775.00 $1,395,450.00 $1,686,700.00 $2,096,100.00
Fannie/Freddie $1,089,775.00 $1,395,450.00 $1,686,700.00 $2,096,100.00

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