FHA Loan Limits for 2020
FHA loan limits are revised every year by the Federal Housing Administration to keep up with the changes in the housing market. The FHA loan limits are established based upon the median home sale price in each county.
Due to an increase in the average home selling price in 2019, the FHA loan limits were raised again in 2020 to a minimum amount of $331,760 for a single family residence.
Standard FHA Loan Limits
The standard FHA loan limits for 2020 are as follows:
- Single family = $331,760
- 2 Units = $424,800
- 3 Units = $513,450
- 4 Units = $638,100
These are just the standard FHA loan limits for most counties in the United States. However, higher loan limits are offered for areas where the median sales price is a bit higher. Use our FHA loan limits lookup tool below to see what the lending limits are in your area.
FHA Loan Limits for Multi Family Residences
There are higher loan limits set for 2-unit, 3-unit and 4-unit multi-family residences. An FHA loan may be used to purchase a multi-family dwelling where the home buyer lives in one unit while renting out the others. The higher cost associated with multi-family properties also means higher FHA loan limits
FHA Loan Limits for High Cost Areas
FHA loan limits are also set at higher levels for counties in the United States that are considered to be “high cost areas”. In these counties, even an entry level home will likely cost more than most places around the country. As a result, the FHA has higher loan limits to make homes affordable in these high cost areas. The maximum high cost loan limit for 2020 is $765,600.
Current FHA Loan Limits by County
Use this tool to find the FHA loan limits in your county. Select your state and all of the loan limit information will be displayed. We will maintain the updated list of FHA loan limits as changes occur.