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Effective January 1, 2012 to
December 31, 2012 For Forward mortgages with
case numbers assigned on or after January 1, 2012
through December 31, 2012:
-
The FHA Floor and Ceiling loan
limits will remain the same as those that were in
effect from January 1, 2011 through September 30,
2011,
as announced in ML 10-40.
-
The individual county loan limits
contained in Attachments I and II of this Mortgagee
Letter will be in effect.
The FHA national loan limit “floor”
remains at 65 percent of the national conforming loan
limit (which remains at $417,000 for a one unit
property) for
the period November 18, 2011 through December 31, 2012.
Any area where the loan limits exceed the “floor” is a
high cost area.
The FHA national loan limit “ceiling” is at 175 percent
of the national conforming loan limit. In areas where
115 percent of the median house price (of the highest
cost county) exceeds 175 percent of the conforming loan
limit, the FHA loan limits remain at 175 percent of the
conforming loan limit.
The following table illustrates FHA loan limits for low
cost and high cost areas.
Low Cost Area "Floor"
One-Unit $271,050
Two-Unit $347,000
Three-Unit $419,400
Four-Unit $521,250
High Cost Area "Ceiling"
One-Unit $729,750
Two-Unit $934,200
Three-Unit $1,129,250
Four-Unit $1,403,400
View the full
Mortgagee Letter from HUD
View
2012
Areas between "Floor" and "Ceiling"
View our
FHA and
FHA 203k pages for detailed program information.
--loan limits below--
Wisconsin, Illinois, Minnesota and
Florida High cost areas
and their updated loan limits:
Illinois FHA Loan Limits:
$410,000 Loan Amount Limit
Cook County, DeKalb County, DuPage County, Grundy
County, Kane County, Kendall County, Lake County,
McHenry County and Will County
$339,250 Loan Amount Limit
Boone County and Winnebago County
$281,250 Loan Amount Limit
Bond County, Calhoun County, Clinton County, Jersey
County, Macoupin County, Madison County, Monroe County
and St. Clair County
$271,050 Floor Loan Amount Limit
All other Illinois counties not listed above
Wisconsin FHA Loan Limits:
$410,000 Loan Amount Limit
Kenosha County
$365,000 Loan Amount Limit
Pierce County and St. Croix County
$315,000 Loan Amount Limit
Milwaukee County, Ozaukee County, Washington County and
Waukesha County
$293,750 Loan Amount Limit
Columbia County, Dane County and Iowa County
$278,750 Loan Amount Limit
Walworth County
$271,050 Floor Loan Amount Limit
All other Wisconsin counties not listed above
Minnesota Loan Limits:
$365,000 Loan Amount Limit
Anoka County, Carver County, Chisago County, Dakota
County, Hennepin County, Isanti County, Ramsey County,
Scott County, Sherburne County, Washington County and
Wright County
$296,250 Loan Amount Limit
Cook County
$271,050 Floor Loan Amount Limit
All other Minnesota counties not listed above
Florida Loan Limits:
$729,750 Loan Amount Limit
Monroe County
$531,250 Loan Amount Limit
Collier County
$442,500 Loan Amount Limit
Manatee County and Sarasota County
$423,750 Loan Amount Limit
Broward County, Dade County and Palm Beach County
$396,250 Loan Amount Limit
Bay County
$387,500 Loan Amount Limit
Baker County, Clay County, Duval County, Nassau County
and St. Johns County
$375,000 Loan Amount Limit
Martin County and St. Lucie County
$362,790 Loan Amount Limit
Walton County
$356,250 Loan Amount Limit
Lee County
$353,750 Loan Amount Limit
Lake County, Orange County, Osceola County and Seminole
County
$312,500 Loan Amount Limit
Okaloosa County
$305,000 Loan Amount Limit
Franklin County
$303,750 Loan Amount Limit
Volusia County
$296,250 Loan Amount Limit
Charlotte County
$292,500 Loan Amount Limit
Hernando County, Hillsborough County, Pasco County and
Pinellas County
$291,250 Loan Amount Limit
Brevard County
$287,500 Loan Amount Limit
Flagler County
$283,750 Loan Amount Limit
Indian County
$278,750 Loan Amount Limit
Sumter County
$271,050 Floor Loan Amount Limit
All other Florida counties not listed above
The above loan limits are for single family
homes. 2-4 family properties have different maximum loans
amounts which can be checked at the link below.
Many low-income and first time
homebuyers are attracted to
FHA because the agency requires only a
3.5% down payment.
additional
FHA information
Search FHA Maximum
County Mortgage Limits by State
Illinois FHA Loan Limits (PDF) Sorted by County
Wisconsin FHA Loan Limits (PDF) Sorted by County
Minnesota FHA Loan Limits (PDF) Sorted by County
Florida FHA Loan Limits (PDF) Sorted by County
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