FHA Loan:
FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option, especially for first-time homeowners:

  • Generally easier to qualify for than conventional loans.
  • Lower down payment requirements.
  • Cannot exceed statutory loan limits.

 

2023 FHA Loan Limits:

Number of Units Maximum original principal balance High Cost Areas Depending on State Range From - To......

Highest Amounts are for Alaska, Hawaii, Guam & U.S. Virgin Islands
1 $472,030 $907,900 - 2,095,200
2 $604,400 $1,394,775 - 2,092,150
3 $730,525 $1,685,850 - 2,528,775
4 $907,900 $2,095,200 - 3,142,800