Fannie Mae and Freddie Mac are restricted to purchasing mortgages with origination balances below a specific amount, known as the “conforming loan limit.” Mortgage Loans above the conforming loan limit are known as jumbo loans.
FHA loan limits for 2019 increased in most US counties to accommodate for the increased cost of housing. The FHA loan limit for high-cost areas increased to $726,525 while the low-end limit increased to $314,827. The below searchable chart lists current FHA loan limits by county.
2019 FHA Loan Limit Summary
FHA’s national mortgage loan limits for low-cost areas in 2019 were set at 65% of the national conforming limit of $484,350 (for a one-unit property). Here are the specific amounts for this category, by property type:
- One-unit: $314,827
- Two-unit: $403,125
- Three-unit: $487,250
- Four-unit: $605,525
FHA’s loan limits for high-cost areas (with comparatively high home prices) are set at 150% of the national conforming cap of $484,350. This resulted in the following maximum amounts:
- One-unit: $726,525
- Two-unit: $930,300
- Three-unit: $1,124,475
- Four-unit: $1,397,400
Alaska, Hawaii, Guam, and the Virgin Islands
“Special exception” areas are places that have higher construction costs. These areas include Alaska, Hawaii, Guam, and the Virgin Islands. In 2019, these four special-exception areas have a higher FHA loan limit ceiling, as shown below:
- One-unit: $1,089,787
- Two-unit: $1,395,450
- Three-unit: $1,686,700
- Four-unit: $2,096,100
According to the Department of Housing and Urban Development, the maximum FHA lending amount for high-cost metropolitan areas rose to $726,525 in 2019 (up from $679,650 in 2018). In areas with lower housing costs, the FHA limit can be as low as $314,827.