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FHA Increases Loan Limits for 2022

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The Federal Housing Administration (FHA) has announced its loan limits for 2022. The nationwide rise in median home prices indicates most buyers across the country will see increases.

The FHA base will increase from $356,362 to $420,680 for single-family home loans. The base amount is the lowest the FHA loan limit can be for any area of the country.

FHA’s ceiling loan limits, the maximum loan amount the agency will insure, will increase from $822,375 to $970,800 for a single-family property.

The following table lists the 2022 FHA loan limits for low- and high-cost areas:

Property SizeLow-Cost Area “Base”High-Cost Area “Ceiling”
One-Unit$420,680$970,800
Two-Units$538,650$1,243,050
Three-Units$651,050$1,502,475
Four-Units$809,150$1,867,275

The new loan limits will apply to all loans assigned FHA case numbers on or after Jan. 1, 2022. The 2022 FHA loan limits by Metropolitan Statistical Area (MSA) or county can be reviewed on FHA’s loan limits webpage.

FHA also increased the loan limits for its Home Equity Conversion Mortgage (HECM), or reverse mortgage program, to $970,800. The HECM program regulations do not allow loan limits to vary by MSA or county, so this limit applies to all mortgages regardless of location.