HUD has created a new webpage that provides the new conforming loan limits and limits for FHA-backed loans by state, county or metropolitan statistical area. The Web page is capable of generating tables for one or several areas.
The new loan limits are based on county median home prices. Properties located in a metropolitan statistical area (MSA) that includes more than one county will be subject to the loan limit for the entire MSA, which is determined by the county with the highest median home price.
In high-cost areas, single-family loan limits for FHA, Fannie and Freddie are being increased to 125 percent of the median home price, with an upper cap of $729,750. The cap is $934,200 for two-family homes, $1,129,250 for three-family homes, and $1,403,400 for four-family homes, HUD said in a letter to lenders.
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