Estimated reading time: 0 minutes, 25 seconds

FHA Hikes Loan Limits for 2021, Raising Floor to $356,362

The Federal Housing Agency has announced its loan limits for 2021, with most areas of the country to see an increase in the next 12 months.

FHA’s floor and ceiling limits are tied to the Federal Housing Finance Agency’s annual loan limit, which that agency recently raised by 7.42% for the coming year based on an uptick in national median housing prices.

In keeping with this shift, FHA is raising its loan limit floor from $331,760 to $356,362, while the ceiling for high-cost areas rises from $765,600 to $822,375.

Read 1692 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.