The Federal Housing Administration published its 2019 loan limits last week. Most areas in the country will see an increase. No jurisdiction will see a decrease from 2018 levels. The loan limit for lower-cost areas will be $314,827, or 65% of the national conforming loan limit of $484,350. In high-cost areas, the limit will be $726,525.
Any request for a change to high-cost-area loan limits must comply with guidance in HUD Handbook 4000.1, Section II.A.2.a.ii (A). Requests must be received by FHA’s Santa Ana Homeownership Center no later than Jan. 14. Any changes in area loan limits because of an appeal will be in effect retroactively for case numbers assigned on or after Jan. 1, 2019.