The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The new FHA loan limits ...

Explore how the FHA supports homebuyers with mortgage insurance and low down payments. Learn the agency's history and its role in making homeownership accessible.

How are FHA loan limits determined? The FHA calculates loan limits annually by looking at two things: the current conforming conventional loan limits and the median price of home in an area. It uses ...

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home ...

WASHINGTON – Today, the Federal Housing Administration (FHA) is announcing new loan limits for calendar year 2024 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) ...

An FHA loan is a type of mortgage geared toward borrowers with lower credit scores or who otherwise don't qualify for a conventional loan. You can use an FHA loan to buy, build or renovate a home, or ...

Buying a home is the American dream for many, but it can seem like a huge hurdle if you don’t have decent credit. After all, conventional lenders often require a minimum credit score of 620 to qualify ...