2019 FHA Loan Limits

FHA Loan Limits for 2019

FHA Loan Limits Increased for 2019

On December 14, 2018, FHA increased the FHA Loan Limits for new case numbers assigned on or after January 1, 2019. The FHA loan limits have increased from 2018 FHA loan limits of $294,515 to the new floor of $314,827 for 1 UNIT properties.

Related: See our FHA Mortgage Payment Calculator

FHA’s nationwide forward mortgage limit “floor” and “ceiling” for a one-unit property in Calendar Year 2019 are $314,827 and $726,525, respectively. The loan limits in Michigan are based on the number of units of the residence.

2019 FHA Loan and Conventional Loan Limits

MICHIGANĀ LOANĀ LIMITSFHACONVENTIONAL
1 UNIT$314,827$484,350
2 UNIT$403,125$620,200
3 UNIT$487,250$749,650
4 UNIT$605525$931,600

Michigan FHA Loan Limits

Michigan does not have any high cost areas therefore the limits for FHA Loans and Conventional Loans are the floor limits. FHA Loan limit in Michigan is $314,827. Conventional Loan Limits in Michigan is $484,350.

Michigan VA Loan Limits

VA loans in Michigan use the Conventional Loan limits of $484,350 set for 2019. All VA loans use the same conventional loan limits which are higher than FHA loan limits.

Michigan USDA Loan Limits

USDA Loans in Michigan are set at the Conventional Loan limits of $484,350 for 2019 as well. All USDA Loans use the same conventional loan limits which are higher than FHA loan limits and allow for more purchasing power.

For More Information on FHA Loan Limits

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For Calendar Year 2019, the HECM maximum nationwide claim amount will be $726,525 for all areas. Refer to Mortgagee Letter 18-12 for more details.