FHA has new higher loan limits for 2019

FHA has new higher loan limits for 2019

Mortgagee Letter 2018-11

4000.1 Single Family Housing Policy Handbook
Nationwide Mortgage Limits (II.A.2.a.ii(B))

Low-cost Area

The FHA national low-cost area mortgage limits, which are set at 65 percent
of the national conforming limit of $484,350 for a one-unit property, are, by
property unit number, as follows:
• One-unit: $314,827
• Two-unit: $403,125
• Three-unit: $487,250
• Four-unit: $605,525

High-cost Area

The FHA national high-cost area mortgage limits, which are set at 150
percent of the national conforming limit of $484,350 for a one-unit property,
are, by property unit number, as follows:
• One-unit: $726,525
• Two-unit: $930,300
• Three-unit: $1,124,475
• Four-unit: $1,397,400
Nationwide Mortgage Limits (II.A.2.a.ii(D))

Special Exceptions for Alaska, Hawaii, Guam, and the Virgin Islands

Mortgage limits for the special exception areas of Alaska (AK), Hawaii (HI),
Guam (GU) and the Virgin Islands (VI) are adjusted by FHA to account for
higher costs of construction. These four special exception areas have a higher
ceiling as follows:
• One-unit: $1,089,787
• Two-unit: $1,395,450
• Three-unit: $1,686,700
• Four-unit: $2,096,100

=========================== END OF ML ==============================================

Mixed use buildings in SF Bay Area... up to $1,397,400

Single family up to $726,525 loan amount

This is for case numbers ordered after 1 January 2019

All areas experienced an increase of 15% over the 2018 levels that is 115% of the 2018 levels. 

Downtown  12/26/2018