What are the FHA Mortgage Limits?

The FHA must comply with limits on the sizes of the mortgages it insures. Before 2008, FHA mortgage limits had to be 95% of the median home price in a given area in accordance with the National Housing Act. However, where government-sponsored enterprises (GSEs) had their own established mortgage limits, FHA loan limits had to be no greater than 87% nor lower than 48% of the GSEs’ limit. Also, for homes located in the high-cost states and territories (Alaska, Hawaii, Guam and the Virgin Islands), the National Housing Act permitted limits up to 150% of the national ceiling.