FHA boosts its loan limits for 2019 by nearly 7%
Come January 1, 2019, the Federal Housing Administration's (FHA's) loan limits are set to increase across most areas in the country. The U.S. Department of Housing and Urban Development (HUD) announced that FHA loan limits would be increasing in more than 3,000 counties.
FHA is required by the National Housing Act, as amended by the Housing and Economic Recovery Act of 2008, to set single-family forward loan limits at 115% of median house prices, subject to a floor and a ceiling on the limits. FHA calculates forward mortgage limits by Metropolitan Statistical Area and county.
FHA’s 2019 minimum national loan limit, or floor, of $314,827 is set at 65% of the national conforming loan limit of $484,350. This floor applies to those areas where 115% of the median home price is less than the floor limit.
Any areas where the loan limit exceeds this floor is considered a high-cost area, and HERA requires FHA to set its maximum loan limit "ceiling" for high-cost areas at 150% of the national conforming limit.
NEVADA - CLARK COUNTY
Mortgage maximums as of Tuesday January 01, 2019
(1 records were selected, 1 records displayed.)
| MSA Name | MSA Code | Division | County Name | County Code | State | One-Family | Two-Family | Three-Family | Four-Family | Median Sale Price | Last Revised | Limit Year |
| LAS VEGAS-HENDERSON-PARADISE, NV | 29820 | CLARK | 003 | NV | $322,000 | $412,200 | $498,250 | $619,250 | $280,000 | 01/01/2019 | CY2019 |
LOAN LIMITS - 2019
| The CY2019 basic standard mortgage limits for FHA insured loans are: | ||||||||||
| One-family | Two-family | Three-family | Four-family | |||||||
| FHA Forward | $314,827.00 | $403,125.00 | $487,250.00 | $605,525.00 | ||||||
| HECM | $726,525.00 | |||||||||
| Fannie/Freddie | $484,350.00 | $620,200.00 | $749,650.00 | $931,600.00 | ||||||
| High-cost area limits are subject to a ceiling based on a percent of the Freddie Mac Loan limits The ceilings for CY2019 are: | ||||||||||
| One-family | Two-family | Three-family | Four-family | |||||||
| FHA Forward | $726,525.00 | $930,300.00 | $1,124,475.00 | $1,397,400.00 | ||||||
| HECM | $726,525.00 | |||||||||
| Fannie/Freddie | $726,525.00 | $930,300.00 | $1,124,475.00 | $1,397,400.00 | ||||||
| Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150 percent of the new ceilings. This results in new CY2019 ceilings for these areas of: | ||||||||||
| One-family | Two-family | Three-family | Four-family | |||||||
| FHA Forward | $1,089,775.00 | $1,395,450.00 | $1,686,700.00 | $2,096,100.00 | ||||||
| Fannie/Freddie | $1,089,775.00 | $1,395,450.00 | $1,686,700.00 | $2,096,100.00 | ||||||
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