Article FHA Loan Limits for 2019. FHA loan limits vary by location, based on home prices. The limit in low-cost counties is $314,827 and rises to $726,525 in the most expensive counties.
The good news is, you only need 3.5 percent of the purchase price as a down payment. What’s amazing about the 203K loan is you can borrow. that above the borrowing limit for FHA, it is also more.
The minimum down payment on an FHA loan is 3.5%. The maximum also must fall below the FHA mortgage limit for the area – $314,827 for. You can borrow the purchase price plus up to $35,000 for repairs, improvements and upgrades.
The higher FHA loan limits in 2018 come due to "robust increases in median housing prices and required changes to FHA’s floor and ceiling limits, which are tied to the Federal housing finance agency (fhfa)’s increase in the conventional mortgage loan limit for 2018" according to a press release on the FHA official site.
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