The FHA announced the new loan limits for 2023 this week. The 2023 base line limit for single family homes in most areas is $472,030 an increase of over $50,000 from the previous limit. In high-cost areas the limit is actually over $1 million dollars for the first time!
The limits vary based on property type and area the single family home is the most common loan type, requirements vary but generally you’ll need a 580 credit score and a down payment of at least 3.5%. Call us or file out our online analyzer on our website and we can get you specific figures for your situation.
