The Federal Housing Administration places limits on the sizes of mortgages it insures. The loan limits vary from county to county, because home prices vary, too. After all, a house in Toledo, Ohio, would cost a lot more if you picked it up and dropped it in San Francisco.
» MORE: The basics of FHA loans
Current FHA loan limits
The FHA revises its loan limits most years, based on movements in house prices. Usually the limits go up, occasionally they go down, and sometimes they stay the same. Revised loan limits take effect at the beginning of the year.
The upper limit for FHA loans on single-family homes in low-cost counties is $314,827. This is the largest an FHA loan can be in what the Department of Housing and Urban Development deems a low-cost market. An example is Lucas County, Ohio, where Toledo is located.
The upper limit for FHA loans in the highest-cost counties is $726,525. An example is San Francisco County, California.
Some counties have house prices somewhere in the middle — higher than the lowest-cost counties and lower than the highest-cost counties. Those counties have loan limits higher than $314,827 and lower than $726,525. An example is Denver County, Colorado, where the FHA limit is $561,200.
The loan limit for your FHA loan will depend on where the property is located. Visit the U.S. Department of Housing and Urban Development’s website to find the FHA loan limit in any county.