Posted by AnnieMac Webmaster on
FHA loan limits will increase for 2023, giving home buyers more purchasing power due to the higher limits. AnnieMac Home Mortgage will honor these new loan limits going forward into the new year. This change unlocks more opportunities for buyers to utilize the benefits of an FHA loan (low down payment, flexible co-signer options, credit criteria, etc.) to purchase a home at a price point that reflects today’s market.
Low-cost Area
The FHA national low-cost area mortgage limits, which are set at 65 percent of the national conforming limit of $472,030 for a one-unit property, are, by property unit number, as follows:
High-cost Area
The FHA national high-cost area mortgage limits, which are set at 150 percent of the national conforming limit of $1,089,300 for a one-unit property, are, by property unit number, as follows:
To find a complete list of FHA loan limits, visit FHA's Loan Limit Page.
Get in touch with our team to see how this change may open new doors for your home purchase!