FHA Increases Forward Mortgage Loan Limits for 2020

FHA announced the forward mortgage loan limits for 2020. The 2020 “floor” and “ceiling” loan limits for a one-unit property are increased to $331,760 and $765,600, respectively (previously set at $314,827 and $726,525). The 2020 “ceiling” for the special exception areas of Alaska, Hawaii, Guam and the Virgin Islands increased to $1,148,400 (an increase from $1,089,787). The forward mortgage loan limits apply to loans with case numbers assigned on or after January 1, 2020.

Click Here to View the FHA Mortgagee Letter 2019-19

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