Mortgage Daily

Published On: January 5, 2004
FHA Limit Upped

New $290k limit follows increase in conforming loans

January 5, 2004

By staff

Following the recent increase to the conforming loan limit, the government-insured mortgage maximum has been raised.

The U.S. Department of Housing and Urban Development, or HUD, announced last week that Federal Housing Administration (FHA) single-family loan limits were raised by 3.4%, increasing the maximum loan amount the FHA will insure to $290,319 in high-cost areas. In low-cost areas, the amount rose to $160,176.

FHA loan limits are, by law, tied to the conforming loan limits set by Fannie Mae and Freddie Mac. Accordingly, the 3.4% FHA increase reflects the conforming loan limit increase announced by the government sponsored enterprises in November, which raised the maximum residential mortgage amount they would purchase to $333,700.

The 3.4% limit increase also applies to FHA multifamily unit loans, said HUD. In high cost areas, FHA loan limits were bumped up to $371,621, $449,181 and $558,236 for two-, three-, and four-family dwellings, respectively. In low cost areas, these limits were raised to $205,032, $247,824 and $307,992.

In Alaska, Guam, Hawaii, and the Virgin Islands, mortgage limits may be adjusted up to 150% of the new ceilings, according to the announcement. This means FHA can insure single-family loans of up to $435,478 in these areas.

Taking into account that FHA limits vary by county, HUD also announced that the Office of Management and Budget revised the definitions for National Metropolitan Statistical Areas and recognized 49 new metropolitan areas.

Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator


Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates


Today’s rates starting at


5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at


$200,000 LOAN

Home Equity

Today’s rates starting at


$200,000 LOAN


Today’s rates starting at


$200,000 LOAN