Increase in 2018 FHA and VA Loan Limits Announced

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Increase in 2018 FHA and VA Loan Limits Announced


FHA 2018 Loan Limits

The Federal Housing Administration (FHA) published both Mortgagee Letter 2017-16 2017 Nationwide Forward Mortgage Limits and Mortgagee Letter 2017-17 2018 Nationwide Home Equity Conversion Mortgage (HECM) Limits. Forward Mortgage and HECM loan limits are published separately due to forward mortgages having been incorporated into HUD Handbook 4000.1 Single Family Housing Policy Handbook 4000.1 (Section II.A.2a.ii). 2018 loan limits are effective for case numbers assigned on or after January 1, 2018.


For FHA Forward Mortgages Loan Limits increased in most areas.


For High Cost Areas the FHA national high cost area mortgage limits have increased by property unit number, as follows:

  • One-unit: $679,650

  • Two-unit: $870,225

  • Three-unit: $1,051,875

  • Four-unit: $1,307,175


For Special Exceptions for Alaska and Hawaii, mortgage limits are adjusted by FHA to account for higher cost of construction. These special exception areas have a higher ceiling as follows:

  • One-unit: $1,019,475

  • Two-unit: $1,305,325

  • Three-unit: $1,577,800

  • Four-unit: $1,960,750


For FHA HECM Mortgages the HECM nationwide claim amount for 2018 has increased to $679,650 for all areas.


2018 VA Loan Limits

VA has announced their 2018 loan limits. VA’s 2018 Loan Limits are the same as the Federal Housing Finance Agency’s limits. The 2018 county limits are effective with loans funded on or after January 1, 2018.



County limits do not apply to IRRRL transactions. VA will guarantee 25% of the principal balance on the IRRRL, regardless of whether the loan exceeds the limit for the particular county.

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