There’s good news for Phoenix-area home buyers in 2025. The maximum loan limits for both conventional and FHA-insured mortgage loans have gone up due to rising home prices. This increase applies to all cities located within the Phoenix-Mesa-Chandler metropolitan area, including Maricopa County and Pinal County. At a glance: The Phoenix-area FHA loan limit has […]
Texas Loan Limits for 2025: FHA, Conforming, and Jumbo Amounts
Texas loan limits were increased for 2025 due to rising home prices. In most counties, the maximum mortgage amount for both FHA and conforming loans will go up, as shown below. In 2025, the conforming loan limit for all Texas counties will be $806,500, for a single-family property. The limits for FHA-insured mortgages will range from $524,225 […]
2025 Florida FHA Loan Limits: All Counties
Florida FHA loan limits and maximum mortgage amounts have been adjusted upward for 2025, in response to rising home prices nationwide. In Florida, the 2025 FHA loan limit for a single-family property will range from $524,225 to $967,150, depending on the county where the home is located. Most counties across the Sunshine State will have […]
Is It Hard to Buy a House With an FHA Loan?
Short answer: It can be harder to buy a house with an FHA loan in a hot housing market because some sellers will prefer conventional financing. But FHA loans offer benefits like flexible credit requirements and a low down payment, and hundreds of thousands of home buyers successfully use them each year. Spend some time in […]
FHA Loan Requirements for Home Buyers
Many home buyers use the FHA loan program because it offers flexible qualification criteria and a down payment as low as 3.5%. But borrowers must meet specific qualification criteria and requirements in order to qualify for an FHA loan. These requirements come from the Department of Housing and Urban Development (HUD). That’s because the Federal […]
Maximum FHA Loan Amounts for 2025
In this guide: An overview of the maximum FHA loan amounts for 2025, with an explanation of how they can affect you as a home buyer and borrower. The FHA loan program allows eligible borrowers to purchase a home with a down payment as low as 3.5%. This program also offers more flexible qualification criteria, […]
California Maximum FHA Loan Limit Amounts for 2024: All 58 Counties
Summary: The maximum FHA loan limit size amounts for California have been increased for 2024 in response to rising home values in the U.S. The new limits range from $498,257 to $1,149,825. This is good news for home buyers who are planning to use an FHA loan to buy a house in 2024. This policy […]
How to Apply for an FHA Loan: The Mortgage Application Process Explained
In this article, you’ll learn how to apply for an FHA loan and navigate the application process, step by step. We will also cover some of the preliminary steps you can take before applying for a loan, as well as the mortgage processing steps that come after it. An FHA loan is a mortgage that’s […]
Can FHA Mortgage Insurance Be Removed at the 20% Home Equity Level?
If you’re considering using an FHA loan to buy a house, you’ve probably heard that they require mortgage insurance. You might also be wondering if FHA mortgage insurance can be removed once you’ve reached 20% equity in your home, as with a conventional (or non-government-backed) home loan. The short answer is, it depends. If you […]
How an FHA 5-Year (5/1) ARM Loan Works
What is an FHA 5-year ARM loan and how does it work? What are the advantages or benefits of using an FHA 5/1 ARM loan, versus the more common 30-year fixed? Is an adjustable-rate mortgage the right choice for me? These are some of the most common questions home buyers and mortgage shoppers have about […]