âś… Do You Qualify for an FHA Loan? 5 Quick Checks to Know
💸 What’s Included in an FHA Monthly Mortgage Payment?
How much you can borrow depends on where you’re buying — here’s what to know.
If you’re using an FHA loan to buy a home, there’s one number that can quietly shape your options: the FHA loan limit.
These limits cap how much you can borrow using FHA financing — and they change based on the county you’re buying in.
The good news? FHA limits are updated every year to keep pace with rising home prices — and many buyers are surprised by how much they can actually qualify for.
Here’s what you need to know.
đź’ˇ What Are FHA Loan Limits?
FHA loan limits are the maximum amounts you can borrow using an FHA loan in a given area. They’re based on:
- County-level median home prices
- Whether you’re buying a 1–4 unit property
- National “floor” and “ceiling” limits set by HUD each year
They help ensure FHA loans are used for modestly priced homes — not luxury properties.
đź“Š FHA Loan Limits for 2024
As of 2024, here are the standard FHA loan limits:
| Property Type | Most U.S. Counties | High-Cost Areas |
|---|---|---|
| 1-Unit | $498,257 | Up to $1,149,825 |
| 2-Unit | $637,950 | Up to $1,472,250 |
| 3-Unit | $771,125 | Up to $1,779,525 |
| 4-Unit | $958,350 | Up to $2,211,600 |
🧠Reminder: These are base and high-cost ranges. The actual limit depends on your county.
đź“Ť How to Find Your FHA Loan Limit
You can look up your county’s FHA limit directly using HUD’s tool — or just reach out and we’ll do it for you in seconds.
Examples:
- In Maricopa County, AZ → $530,150 (1-unit home)
- In Los Angeles County, CA → $1,149,825 (maxed out)
- In Ada County, ID → $576,150 (2024)
đź’¬ Live in a rural area? You may still qualify for a high limit if local prices justify it.
🏠What Happens If Your Home Price Exceeds the Limit?
If the home you want is above the FHA limit for your area, you’ve got options:
- Put more money down to bring the loan amount under the cap
- Consider a Conventional loan if you qualify
- Explore Jumbo or Non-QM loans if the purchase is significantly over the limit
At PRMI, we can help compare all options side-by-side — and guide you through the best fit for your goals.
🧠Final Thought: Know the Numbers, Plan With Confidence
FHA loan limits don’t just impact how much you can borrow — they shape your buying strategy, especially in high-cost markets or when shopping multi-unit properties.
That’s why it’s so helpful to work with a lender who:
- Understands the local limits
- Offers both FHA and alternative options
- Can pivot quickly when price points shift
🏢 Why PRMI?
As a direct FHA lender, PRMI gives you:
- Real-time limit guidance by county
- In-house processing, underwriting, and funding
- Options beyond FHA if you’re pushing the limit
- Honest insights, not “one-size-fits-all” offers
👇 Want to Know Your FHA Limit?
Tell us your county or ZIP code — we’ll show you your borrowing power in seconds.