Home Loan FHA Loan Limits 2024

Home Loan Programs

* FHA Loans -As Low As 3.5% Down
* HomeReady-As Low As 3% Down
* Conventional Loans – Starting at 5% Down
* Jumbo Home Loan
* Home Loans For Business Owners
* All Non-QM Loan Lines
-P&L Only Loans, Bank Statement Loans


What Is An FHA Loan Limit?

The FHA uses the national conforming loan limits to set its own limits for the loan amount it will insure. If you are purchasing a primary home in any county in the USA, the FHA sets a loan limit which is the maximum amount it will insure to obtain an FHA Loan

County Name


One Unit

Two Unit

Three Unit

Four Unit

FHA (Federal Housing Administration) offers various loan programs to help individuals and families achieve homeownership. Some common FHA loan programs include:

1. **FHA Purchase Loans:** This is the standard FHA loan used to purchase a new home. It allows borrowers to finance up to 96.5% of the home’s value.

2. **FHA Streamline Refinance:** This program is designed to help existing FHA borrowers refinance their loans quickly and with less documentation.

3. **FHA 203(b) Rehabilitation Loan:** This program allows borrowers to finance both the purchase or refinance of a home and the cost of its rehabilitation through a single mortgage.

4. **FHA 203(k) Rehabilitation Loan:** Similar to the 203(b) loan but specifically designed for larger-scale rehabilitation or repairs on a property.

5. **FHA Energy Efficient Mortgage (EEM):** This program helps borrowers finance energy-efficient improvements as part of their FHA-insured home purchase or refinancing.

6. **FHA Reverse Mortgage (Home Equity Conversion Mortgage – HECM):** This program is for senior homeowners aged 62 and older, allowing them to convert part of their home equity into cash.

It’s essential to shop around and compare lenders to find the best rates and terms for your specific situation. You can visit the official FHA website or consult with mortgage professionals to get accurate and personalized information.

Certainly! There are several other loan programs similar to FHA loans, each with its own eligibility criteria, features, and benefits. Here are some examples:

1. Conventional Loans:

   – HomeReady: This program, offered by Fannie Mae, is designed to help low to moderate-income borrowers with expanded eligibility criteria, including income from non-borrowing household members.

   – HomePossible: Similar to HomeReady, this Freddie Mac program is aimed at low to moderate-income borrowers, offering flexible down payment options and income eligibility.

2. USDA Loans: USDA Rural Development Loan:** The United States Department of Agriculture (USDA) provides loans for eligible rural and suburban homebuyers, offering 100% financing and competitive interest rates.

3. VA Loans:   – VA Home Loans: Guaranteed by the U.S. Department of Veterans Affairs, these loans are available to eligible veterans, active-duty service members, and surviving spouses. VA loans often have competitive interest rates and may not require a down payment.

4. State and Local First-Time Homebuyer ProgramsMany states and local governments offer assistance programs for first-time homebuyers, which may include down payment assistance, grants, or low-interest loans. These programs vary widely, so it’s essential to research options in your specific location.

5. FHA 203(k) Rehabilitation Loan: While the FHA 203(k) loan was mentioned earlier as a rehabilitation loan, it’s worth noting here as it combines the purchase or refinance of a home with the costs of rehabilitation or repairs.

6. Good Neighbor Next Door: This HUD program offers a significant discount (50%) on the list price of a home in designated revitalization areas for eligible law enforcement officers, teachers, firefighters, and emergency medical technicians.

It’s crucial to explore all available options and consult with lenders or mortgage professionals to determine the best loan program for your individual needs and financial situation. Additionally, eligibility criteria and program details may change, so always check with CambridgeHomeLoan loan officers at 800-826-5077 for the latest information.


DSCR Loans Florida

Home DSCR Loans in Florida and around the US with a Fix and Flip Loan and DSCR Loan Florida from CambridgeHomeLoan.com.

Read More »
ultimate guide to dscr loan

Ultimate Guide To DSCR Loans

Home The Ultimate Guide to DSCR Loans: Everything You Need to Know Introduction When it comes to real estate investment, finding innovative financing solutions is

Read More »