The Federal Housing Administration announced that it is increasing its loan limit for most of the country in 2020. The FHA loan limit will be $331,760–a $17,000 increase from 2019’s loan limit.
The FHA’s announcement follows on the heels of the Federal Housing Finance Agency that also approved a higher conforming loan limit for 2020. The cap on loan purchased or acquired by Fannie Mae and Freddie Mac for 2020 will increase to $510,400 and up to $765,600 in high-cost areas.
