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2022 FHA Loan Limits – both “floor” and “ceiling” loan limits will increase from $356,362 and $822,375 in Calendar Year 2021 to $420,680 and $970,800 in CY 2022, respectively, for a one-unit property. These limits are applicable to loan applications taken between January 1, 2022, to December 31, 2022.

Low-cost Area 2022 FHA Loan Limit
The FHA national low-cost area mortgage limits, which are set at 65 percent of the national conforming limit of $647,200 for a one-unit Property, are, by property unit number, as follows:
One-unit: $420,680
Two-unit: $538,650
Three-unit: $651,050
Four-unit: $809,150

High-cost Area 2022 FHA Loan Limit
The FHA national high-cost area mortgage limits, which are set at 150 percent of the national conforming limit of $647,200 for a one-unit property, are, by property unit number, as follows:
One-unit: $970,800
Two-unit: $1,243,050
Three-unit: $1,502,475
Four-unit: $1,867,275

The following table lists the 2022 FHA loan limit thresholds for low-cost and high-cost areas:

Property Size Low-Cost Area (Floor) High-Cost Area (Ceiling)
1-Unit $420,680 $970,800
2-Unit $538,650 $1,243,050
3-Unit $651,050 $1,502,475
4-Unit $809,150 $1,867,275

What do the 2022 FHA Loan Limits mean for you?

This means that if you are buying a home using an FHA loan, you may be able to purchase a house up to $435,900 with only a 3.5% down payment. Even if you are not a homebuyer, you will be able to refinance a house up to that value with 3.5% equity.

In high-cost areas, like several counties in California, you will be able to buy a home up to $1,006,000 with only a 3.5% down payment. This is assuming you qualify on all other loan parameters and requirements.

These limits/ceilings are for 1-unit properties like Single Family Residences, Townhomes, and Condominiums. If you’re buying a multi-unit home, the loan amounts can be much higher as you can see from the table above.