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The FHA will only agree to insure mortgage amounts that fall within their approved loan limit range, which is calculated and updated annually based on the conventional loan limits set by Fannie Mae and Freddie Mac. For 2021, the FHA maximum loan limit in low cost areas was set at $356,362 for single-family home loans. This amount covers 80% of all U.S. counties. The maximum loan limit changes based on location; the type of home, such as single-family or duplex, can also affect these numbers:
FHA Maximum Loan Limits for Low Cost Areas
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $356,362 | $456,275 | $551,500 | $685,400 |
FHA Maximum Loan Limits for High Cost Areas
| Single | Duplex | Tri-plex | Four-plex |
|---|---|---|---|
| $822,375 | $1,053,000 | $1,272,750 | $1,581,750 |
Think an FHA loan might be the right fit for you? Pre-approval takes as little as 3 minutes and can give you an idea of how much you can afford.