I put together a short video that explains FHA loan limits. Here’s a quick overview of the key points:

• What Is an FHA Loan Limit:
The maximum amount the government will insure for a home loan, helping protect both the borrower and the housing market.

• Loan Limits by Property Type:
Loan limits vary based on the number of units in a property. Single-family homes have one limit, and as the number of units increases—up to a four-unit property—the loan limit rises accordingly.

• Regional Differences:
Loan limits also vary by location. High-cost counties have higher limits than more affordable regions.

• Annual Updates:
HUD updates these limits each year to reflect changes in the housing market. So, be sure to check the latest amounts.

• How to Find Your Limit:
You can check your local loan limit on the HUD website or by talking to a loan officer.

For more details, check out the video below.