2020 Loan Limits for FHA Mortgages
FHA Loans — Closed on or after Jan 1st 2020
FHA announced December 3, 2019 in Mortgagee Letter 2019-59 that the low-cost and high-cost county limits have increased effective with case numbers assigned on or after January 1, 2020. Loan limits are county specific.
The low-cost areas mortgage limits have increased to:
- One-Unit: $331,760
- Two-unit: $424,800
- Three-unit: $513,450
- Four-unit: $638,100
High-cost areas are also county specific and the highest limits, excluding Hawaii and Alaska, are:
- One-unit: $765,600
- Two-unit: $980,325
- Three-unit: $1,184,925
- Four-unit: $1,472,550
Click to View FHA Loan Limits to determine maximum loan limits available by county (once it is updated). Be sure to select the appropriate limit year (i.e., 2020). For the “Limit Type” on FHA select FHA Forward. For the “Limit Type” on VA (for Veterans with partial entitlement) select Fannie/Freddie, but, for VA, the 1 unit column applies as the maximum loan limit regardless of property type/units.
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