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FHA Loan Limits for 2020

December 26, 2019 by Chris Bohn

FHA Loan Limits for 2020

FHA Loan Limits for 2020As of December 3, 2019, the FHA Loan Limits for 2020 were published. This is the official information we have received from the National Association of Realtors.  Mortgagee Letter 2019-19(link is external) includes links to all the limits, with the high-cost limit the same as the GSE limit at $765,600. The FHA floor (the lowest FHA limit) also rose to $331,760. Nearly every county in the country saw an increase in their loan limits. Make sure to check with your local lenders to determine the loan limits for your area. Here is the ALACHUA COUNTY limits.

The way that loan limits are calculated, all counties within the same Metropolitan Statistical Area (MSA) benefit from the highest limit in that MSA. Over the last year, the government changed some definitions of MSAs. The result is that 11 counties, who were removed from their nearest MSA, will see decreases in their loan limits. View the list of 11 counties(link is external) showing decreases in their loan limits.

Communities that wish to contest their loan limit only have 30 days to do so by contacting by providing the Santa Ana Homeownership Center with sufficient housing sales price data, listing one-family properties sold in an area within the look-back period, January through August of the previous year. Requests should differentiate between single-family residential properties, and condominiums or cooperative housing units. Ideally, the data provided should also distinguish between distressed and non-distressed sales. Requests for a change will only be considered for counties for which HUD does not already have home sales transaction data for the calculation of Mortgage limits.

Look up(link is external) your 2020 loan limit (be sure to specify 2020). These limits are effective from January 1, 2020, to December 31, 2020.

The Bohn Team at RE/MAX Professionals is here to help you every step of the way. If you are wanting to OWN a home in 2020, give us a call and let’s get started! 

Filed Under: Home Buyers Tagged With: 2020 FHA Loan Limits, FHA Loan Limits, gainesville fl real estate, home buyers in gainesville fl

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RE/MAX Professionals

The Bohn Team

Christine Bohn, Broker Associate

Michael Bohn, Sales Associate

4011 NW 43rd Street, Suite C
Gainesville, FL 32606


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