07
Dec
FHA Increases Loan Limits for 2023
The Federal Housing Administration (FHA) on Dec. 1 announced its loan limits for 2023. The nationwide rise in median home prices indicates most buyers across the country will see increases.
The FHA floor will increase from $420,680 to $472,030 for single-family home loans. The floor amount is the lowest the FHA loan limit can be for any area of the country. FHA’s ceiling loan limits, the maximum loan amount the agency will insure, will increase from $970,800 to $1,089,300 for a single-family property.