Do you want content like this delivered to your inbox?



FHA Loan Limits Going Up About $17K in 2020

WASHINGTON – The Department of Housing and Urban Development announced that the limit for Federal Housing Administration (FHA) loans in most areas of the U.S., including Florida, will rise about $17,000 to $331,760 on Jan. 1, 2020. Actual caps can vary by county, however, with 70 high-cost U.S. counties seeing an increase to $765,000, and a few go even higher.

In Florida, FHA lists six areas in which certain single-family homes have FHA limits higher than the minimum:

  • Naples-Marco Island: $450,800 limit
  • Jacksonville: $373,750
  • Miami-Fort Lauderdale-Pompano Beach: $373,750
  • Key West: $552,000
  • Port St. Lucie: $350,750
  • Crestview-Fort Walton Beach-Destin: $391,000

The announcement follows an earlier one for conventional loans that will top out at the same levels next year.

While FHA loan limits tend to focus on single-family homes, the allowable limits have also been raised for FHA loans on two-, three- and four-unit properties.

FHA’s Mortgagee Letter 19-19 announcing the increased 2020 limits is posted online.

FHA also offers a tool to help buyers determine the specific FHA and conventional loan cap for any U.S. property, which it also posted online.

© 2019 Florida Realtors®


Information provided by Florida Realtors.  Click here to see the original article.

Reprinted with permission Florida Realtors. All rights reserved. 

How may we help?

Do you have questions?  Would you like more information?

Reach out to Mike
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info