2020 FHA Loan Limits
Dear Valued Customers –
As announced in Mortgagee Letter 2019-19, the 2020 forward mortgage limits for calendar year 2020 are effective for FHA Case Numbers assigned on or after January 1, 2020.
FHA forward mortgage limits for individual MSAs and counties are available on the internet at https://entp.hud.gov/idapp/html/hicostlook.cfm. In addition, downloadable text files with complete listings of all county loan limits are available at http://www.hud.gov/pub/chums/file_layouts.html.
There are 11 jurisdictions with a decrease in loan limits from the 2019 levels. To enable mortgagees to easily identify areas with loan limit decreases and increases, FHA has published a separate list of these jurisdictions. Mortgagees may view these lists along with a list of areas at the ceiling and a list of areas between the floor and ceiling on the Maximum Mortgage Limits web page at http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/lender/origination/mortgage_limits
The FHA national low-cost area mortgage limits, which are set at 65 percent of the national conforming limit of $510,400 for a one-unit Property, are, by property unit number, as follows:
- One-unit: $331,760
- Two-unit: $424,800
- Three-unit: $513,450
- Four-unit: $638,100
The FHA national high-cost area mortgage limits, which are set at 150 percent of the national conforming limit of $510,400 for a one-unit Property, are, by property unit number, as follows:
- One-unit: $765,600
- Two-unit: $980,325
- Three-unit: $1,184,925
- Four-unit: $1,472,550
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: $1,148,400
- Two-unit: $1,470,475
- Three-unit: $1,777,375
- Four-unit: $2,208,825
Please contact your Regional Account Manager should you have any questions related to this Client Announcement.
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