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2013 FHA Loan Limits Released

New limits effective Jan. 1, 2013

Dec. 7, 2012

By staff

The maximum amount of a mortgage that can be insured by the Federal Housing Administration has been established for next year. Also released were limits on homes in high-cost areas, super-limits for properties financed in outlying areas and limits on federally insured reverse mortgages.

The Department of Housing and Urban Development has released FHA loan limits for calendar-year 2013.

Impacted loans are forward mortgages secured by single-family residences, including condominiums, as well as 203(k) rehabilitation mortgages. Limits were also released for home-equity conversion mortgages.

The new limits were outlined in Mortgagee Letter 12-26. They were issued under the authority of H.R. 2112, the Consolidated and Further Continuing Appropriations Act, 2012, Public Law 112-55.

The FHA national floor limit is set at 65 percent of the national conforming limit, which last month the Federal Housing Finance Agency reported would be $417,000 in 2013. That left the FHA floor limit at $271,050 for one-unit properties. On duplexes, the limit is $347,000, while it climbs to $419,425 on triplexes and $521,250 on four-unit properties.

In areas designated as high-cost, the one-unit limit is $729,750, while it rises to $1,403,400 on four-unit properties.

Special exceptions have been made for loan limits in Alaska, Hawaii, Guam and the U.S. Virgin Islands. FHA loan limits on one-unit properties in these locations are expanded to $1,094,625, while four-unit residential properties in these areas can be financed up to $2,105,100.

Maximum claim amounts on home-equity conversion mortgages are $625,500, the same as for 2012.

The maximum limits are effective for case numbers issued between Jan. 1, 2013, until Dec. 31, 2013.

Local limits can be obtained online at

read full Mortgagee Letter 2012-26

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