FHA ANNOUNCES NEW SINGLE FAMILY LOAN LIMITS FOR 2021
WASHINGTON - The Federal Housing Administration (FHA) today announced the agency's new schedule of loan limits for calendar year 2021 for its Single Family Title II forward and Home Equity Conversion (reverse) Mortgage insurance programs. Loan limits for most of the country will increase in the coming year resulting from robust house price appreciation, which is factored into the statutorily mandated calculations FHA uses as part of its methodology for determining the limits each year. The new loan limits are effective for FHA case numbers assigned on or after January 1, 2021.
- Conforming loan limits on single-family units will rise to $548,250 from $510,400 in most of the country on January 1, 2021. That is a 7.4% increase.
- Of the nation’s 3,142 counties or county-equivalents, 167 will have a conforming loan limit higher than the $548,250 baseline in 2021. The highest conforming loan limit will be $822,375 in 97 counties. See the table below for specific details.
- The conforming loan limit will not change in 2021 in 18 counties, designated in the table with an asterisk.
- In every other county, the single-family conforming loan limit will be higher in 2021 than it is today.