New FHA loan limits have been announced for 2022!

If you’re closing on a new home on or after January 1, 2022, you’ll likely have more flexibility with your Federal Housing Administration (FHA) loan. The FHA has announced new loan limits for 2022 in response to the dramatic increase in home prices across the country.

Why Did Loan Limits Increase?

Housing prices are on the rise, and the National Housing Act requires the FHA to maintain loan limits at 115% of median home prices, which are (calculated using Metropolitan Statistical Area [MSA] and county information).

New Loan Limits

Floor limits for one-unit properties have increased across most of America, from $356,362 in 2020 to $420,680 in 2022, which is 65% of the national conforming loan limit of $647,200. In high-cost areas, ceiling loan limits have risen by nearly $57,000, from $765,600 to $822,375, which is 150% of the national conforming loan limit.

2022 FHA Loan Limits

Old Floor Limit – $356,362

New Floor Limit – $420,680

Old Ceiling Limit – $822,375

New Ceiling Limit – $970,800


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This article is for information purposes only and is not an advertisement to extend customer credit as defined by Section 12 CFR 1026.2 Regulation Z. Program rates, terms and conditions are subject to change at any time.

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