CHM Blog

Today, the Federal Housing Administration (FHA) published Mortgagee Letter 2024-21, 2025 Nationwide Forward Mortgage Limits, which provides the maximum mortgage limits for FHA-insured Title II forward mortgages for calendar year (CY) 2025.

The FHA national mortgage limits by the number of units, are as follows:

As stated in the FHA Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1), section II.A.2.a.ii Nationwide Mortgage Limits, FHA calculates forward mortgage limits based on the median house prices in accordance with the National Housing Act and its Single Family forward mortgage limits are set by Metropolitan Statistical Area (MSA) and county. Loan limits in these areas are set and published annually using the county with the highest median price within the MSA.

• FHA forward mortgage limits for individual MSAs and counties are available on the FHA Mortgage Limits web page.
• Downloadable text files with complete listings of all county loan limits are available on the CHUMS data files web page.
• FHA’s list of areas at the “ceiling” and areas with limits between the “floor” and “ceiling” — along with lists that can be sorted by state, county, or Metropolitan Statistical Area (MSA) or by calendar year — on the Maximum Mortgage Limits web page.

The process that permits appeals to change high-cost area loan limits in accordance with Handbook 4000.1 has also been updated. Appeals should now be forwarded to the FHA Resource Center instead of FHA’s Santa Ana Homeownership Center as in previous years.

These new loan limits are effective for case numbers assigned on or after January 1, 2025, through December 31, 2025; however, updates to the process to request local increases are effective immediately.

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¹Alaska, Hawaii, Guam and the U.S. Virgin Islands are subject to a higher “ceiling.” See Mortgagee Letter 2024-21 for details.