The Federal Housing Administration (FHA) has released its new schedule of loan limits effective
Jan. 1, and the nationwide rise in home prices means that buyers in 2,948 counties will see increases.
The news on Thursday was expected in the wake of the increase in the conforming loan

limit announced by the Federal Housing Finance Agency (FHFA) Nov. 23.

The FHA floor is set at 65% of the national limit, which FHFA increased from $417,000 to $424,100. That makes the new FHA limit rise from $271,050 to $275,665. This floor applies to areas where 115% of area median home price is less than $275,665. For these areas, the loan limit is the floor.
The FHA high-cost ceiling is 150% of the national limit, which will increase from $625,500 to $ 636,150, the same ceiling for conforming loans in 2017. High-cost areas are those where 115% of area median home price is greater than the floor ($275,665) but less than the ceiling ($636,150). In these areas, the limit equals 115% of area median home price.
The limit will remain the same in 286 counties, and there are no counties where the limit decreased.
Learn more in HUD’s press release, and see the list of counties where limits will increase. For additional information, contact Michelle Hamecs at 800-368-5242 x8425.