FHA Home Loan Limit Changes – Increased For 2018

Mortgage and Lending with Strategic Mortgage NMLS#160440

FHA home loan limits have been increased for the majority of counties in the United States. Here in Arizona in Maricopa and Pinal counties the FHA home loan limit has been increased to $294,515, from the previous loan limit of $279,450.


What the essentially means for buyer’s, is that with the minimum 3.5% down payment, you can now qualify for an FHA home loan, with a purchase price about $15,000 higher than previously.


With that 3.5% minimum down payment on an FHA loan, buyers can now purchase a home just over $305,000.


            This is the second year in a row that HUD has increased FHA loan limits, to go along with increases to Conventional loan limits, which were also recently announced. This also continues to points toward steady stabilization in the housing market and it is nice to see small increases on a year over year basis to support that.


            If you want to know how these changes could affect qualifying for a home purchase, it is always best to speak with a licensed lender, such as Strategic Mortgage and explore all available home loan options, for your specific situation.


For more information on current home loan programs and options for existing and potential home owners, please contact Bill Kamboukos of Strategic Mortgage at (480) 219-3682 or by emailing: bill@strategicmtgaz.com or online at www.strategicmtgaz.com 

Strategic Mortgage, LLC - NMLS#158804- Equal Housing Lender – AZBK#0909514

Vasilios Bill Kamboukos Jr – NMLS#160440



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