FHA Mortgage Loan Limit Calculator

FHA Loan Limit Calculator

Calculator developed by

Michael Jensen, Mortgage and Finance Guru

Use our FHA Loan Limit Calculator to determine the FHA mortgage limit for any county in the U.S. The Federal Housing Administration (FHA) offers the FHA Mortgage Program to help moderate-income individuals or individuals with limited funds purchase homes. The FHA program enables qualified borrowers to buy a home with a down payment as low as 3.5%.
There are limits to the size of mortgage you can obtain through the FHA program. Your loan cannot be more than the FHA limit for your county, even if you can afford a higher mortgage amount based on your income and other factors. This is one of the reasons why the FHA program is more popular in areas with moderate home prices and less applicable in areas with higher home prices.
FHA loan limits vary by county and the number of units in the property, up to a maximum of four units. Areas with higher costs of living have higher FHA loan limits and areas with lower living costs have lower limits. Single unit properties, such as homes, have the lowest FHA mortgage limit and four unit properties, such as a small condominium building, have the highest mortgage limits.
To use our FHA Loan Limit Calculator input your state, county and the number of units in the property into to determine the mortgage limit in your area. We update our calculator regularly to make sure that you find the current FHA limit for the over 3,000 counties in the U.S. You can also use our FHA Mortgage Qualification Calculator to determine the FHA loan you can afford and review other details about the program.

Watch our FHA Mortgage Loan Limit Calculator "How To" video

Rate Details*

Loan Program:
Monthly Payment:
APR:
Rate:
Points : Points: Fees you are willing to pay in order to get a lower interest rate. The number of points refers to the percentage of the loan amount that you would pay. For example, "2 points" means a charge of 2% of the loan amount.
Total Lender Fees:
Loan type:
Property Value:
Loan to Value:
Credit Rating:
Date Submitted:

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Monthly Housing Payments

P & I Principal & Interest: A periodic payment, usually paid monthly, that includes the interest charges for the period plus an amount applied to the reduction of the principal balance.
Mortgage Insurance Mortgage Insurance: The monthly cost for a policy that protects the lender in case you’re unable to repay the full amount of the loan. It is typically required for loans that have a loan-to-value ratio between 80% to 100%. (Estimated)
Property Tax Property Tax: (Also called "Real Estate Tax.") Property taxes are government assessments on real estate property. With mortgage financing, the local, county or state tax assessment on real estate property is considered part of the monthly housing obligation and typically collected and set aside by the lender ... (Estimated)
Homeowner Insurance Homeowner Insurance: or also commonly called hazard insurance, is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one’s home, its contents, loss of its use, or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.lender ... (Estimated)
Homeowner Association Fee Homeowner Association fee: (HOA) fees are funds that are collected from homeowners in a condominium complex to obtain the income needed to pay (typically) for master insurance, exterior and interior (as appropriate) maintenance, landscaping, water, sewer, and garbage costs. (If Any)
Total Monthly Housing Payments

Lender Fees

Points Points Fees you are willing to pay in order to get a lower interest rate. The number of points refers to the percentage of the loan amount that you would pay. For example, "2 points" means a charge of 2% of the loan amount.
Origination Fee Origination Charge: A loan origination charge is a fee charged by the lender for evaluating, processing, and closing the loan.
Credit Report Fee Credit Report Fee: Fee charged to obtain an applicant’s credit history prepared by one or all of the three major credit bureaus. Used by lender to determine the borrower’s creditworthiness.
Tax Service Fee Tax Service Fee: A fee charged by the lender to cover the cost of retaining a tax service agency. These agencies monitor the property tax payments on the property and report the results to the lender.
Processing Fee Processing Fee: A processing fee is a charge by the lender for clerical items associated with the loan. Examples of processing include loan set up, organization of loan conditions for underwriting, and preparing required disclosures for the borrower.
Underwriting Fee Underwriting Fee: A fee charged by the lender to verify information on the loan application, authenticate the property’s value, and perform a risk analysis on the overall loan package.
Wire Transfer Fee Wire Transfer Fee: In most cases lenders wire funds to escrow companies to fund a loan. Commercial banks that perform this function will charge the lender so the fee is generally passed on to the borrower. (If Any)
FHA Upfront Premium FHA Upfront Premium: A fee paid in cash at the close of escrow or more commonly it is financed into the loan. These premiums are pooled together by the FHA and are used to insure the risk of borrower default on FHA loans. FHA upfront premiums are prorated over a five year period, meaning should the homeowner refinance or sell during the first five years of the loan, they are entitled to a partial refund of the FHA upfront premium paid at loan inception. (If any)
VA funding Fee (If any)
Flood Fee
Other Fees Other fees could be either additional Administrative Fees that a lender charges or it could be a Flat Fee to cover all lender charges such as: (Origination Fees, Points, Underwriting and Processing Fees, Credit Reports and Tax Service Fees) The flat fee does not include prepaid items and third party costs such as appraisal fees, recording fees, prepaid interest, property & transfer taxes, homeowners insurance, borrower’s attorney’s fees, private mortgage insurance premiums (if applicable), survey costs, title insurance and related services.
Total Lender Fees

*Actual rates and other information may vary. Sponsored results shown only include participating lenders. The information you enter on this page will only be shared with lenders you choose to contact, either by calling the phone number or requesting a quote.

Current FHA Mortgage Rates as of December 13, 2018

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APR
Loan Type
Rate
Payment
Fees
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

While we pride ourselves on the quality and breadth of the FREEandCLEAR mortgage calculators please note that they should be used for informational purposes only. Our calculators rely on assumptions by us and inputs and assumptions provided by you, which may be inaccurate. The outputs from our calculators are estimates only and should not be used as the sole basis for making any financial decisions. Always consult multiple financial professionals when determining the mortgage size and program that is appropriate for you.

How FHA Loan Limits Work

FHA Loan Limits Vary by County

FHA loan limits vary by county and by the number of units in the property being financed with single unit properties having the lowest loan limits. There is one set of loan limits for the 48 contiguous United States, Washington D.C. and Puerto Rico and a higher set of loan limits for Alaska, Hawaii, Guam and the U.S. Virgin Islands. In the contiguous U.S., Washington D.C. and Puerto Rico, FHA loan limits for a single unit property such as a home or condominium range from $294,514 to $679,650 in counties with a higher cost of living and housing prices. The limit for a four unit property ranges from $566,425 to $1,307,175 in high cost counties. In Alaska, Hawaii, Guam and the U.S. Virgin Islands FHA loan limits range from $1,019,475 for a single unit property to $1,960,750 for a four unit property. Use our FHA Loan Limit Calculator to determine the FHA mortgage limit for your county.

FHA Program Property Eligibility Requirements

The FHA home loan program applies to one-to-four unit owner occupied primary residences. If you use an FHA mortgage to buy a multi-unit property you must live in one of the units. Second and vacation homes as well as non-owner occupied investment properties are ineligible for the FHA home loan program. Our FHA Loan Limit Calculator enables you to understand how the limit changes depending on the number of units in the property.

Loan Limit But No Home Price Limit

The FHA program uses loan limits but does not cap the price of the home you buy. Although program applicants typically make a low down payment, your home price can be significantly more than the loan limit if you are willing to make a larger down payment. For example, if the FHA loan limit in your county is $300,000, you can use the program to buy a $500,000 home but you are required to make a $200,000 down payment, or 40% of the purchase price, which is higher than usual. This feature is applicable to people with low credit scores who may not be able to qualify for other mortgage programs but who have significant funds saved for a down payment. This may also be helpful for people who live in areas with higher home prices.

No Income Limits

Although FHA mortgages are designed to help low-to-moderate income individuals, it is important to highlight that the program does not apply borrower income limits. This means anyone can apply for the program, regardless of how much money you make. This can be especially useful for applicants with higher incomes and imperfect credit profiles, although they may be eligible for a larger loan amount with other mortgage programs that apply higher or no loan limits.

More FREEandCLEAR Mortgage Resources

FHA Home Loan Guide

Review our comprehensive overview of the FHA home loan program including borrower qualification requirements and other key program features such as property eligibility and FHA mortgage insurance premium (MIP) fees

FHA Mortgage Qualification Calculator

Calculate what size FHA home loan you can afford based on your monthly gross income and debt

Pros and Cons of an FHA Home Loan

Understand the pros and cons of an FHA home loan to determine if it is the right low down payment mortgage option for you

FHA Interest Rates

Use our FHA interest rate table to review updated FHA rates and fees for lenders in your area. Comparing multiple lenders is the best way to find the FHA mortgage with the lowest interest rate and costs

Sources

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

About the calculator developer

Michael Jensen, Mortgage and Finance Guru

Michael is the co-founder of FREEandCLEAR. Michael possesses extensive knowledge about mortgages and finance and has been writing about mortgages for nearly a decade. His work has been featured in leading national and industry publications. More about Michael

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