The Federal Housing Agency (FHA) released its FHA Loan Limits 2025 on November 26, 2024. The FHA Loan Limits have increased and will be available for FHA borrowers for purchase or refinance with FHA case numbers assigned on or after January 1, 2025. The increase in loan limits will increase the purchasing power for home buyers as well as allow homeowners to tap into more of their existing equity on a FHA Cash Out Refinance. If you want to apply for a FHA loan or have questions, give the John Thomas Team a call at 302-703-0727 or APPLY ONLINE.

What are the New FHA Loan Limits 2025?

The FHA announced the loan limits for 2025 with Mortagee Letter 2024-21 for all Forward Mortgage Loans insured by FHA. The New FHA low-cost area mortgage loan limits are st at 65 percent of the National conforming loan limit for 2025 of $806,500 for a one unit property. Below is chart showing the FHA Loan Limits 2025:

You will notice that the chart above has Low Cost Area Limits and High Cost Area Limits. Recognizing the varying cost of living across the country, the FHA has adjusted loan limits for high-cost areas, enabling borrowers in these regions to secure larger loans. The High-Cost Area New FHA Ceiling Loan Limit is $1,209,750 for One Unit Property.

The new loan limits are available on all of the following FHA loan types:

• FHA Loans
• FHA 203k Renovation Loans
• FHA One Time Close Construction Loans
• FHA Streamline Refinances
• FHA Cash-Out Refinances
• FHA Solar Loans
• FHA Energy Efficient Loans

How Do You Search FHA Loan Limits in Your Area?

FHA Loan Limits 2025 are set by median home price for each county in each state. This means your FHA loan limit can be higher than the floor limit of $524,225. You can search any county in the United States at the following link provided by HUD: https://entp.hud.gov/idapp/html/hicostlook.cfm

Delaware FHA Loan Limits 2025

Delaware FHA Loan Limits 2025 have increased in all three counties of Delaware which are New Castle County, Kent County, and Sussex County. Below is chart showing the new Delaware FHA Loan Limits by County:

HECM Reverse Mortgage Loan Limits 2025

Home Equity Conversion Mortgages (HECM) MCA Reverse Mortgage Loan Limits for 2025 will be $1,209,750 (150 percent of Federal Home Loan Mortgage Corporation’s national conforming loan limit of $806,500. The MCS of $1,209,750 is also applicable to the special exception areas: Alaska, Hawaii, Guam, and the Virgin Islands.

How Do I Apply For A FHA Loan?

If you are looking to take advantage of the increased FHA Loan limits for 2025, then you need to apply for an FHA Loan and make sure you lender doesn’t get an FHA case number assigned until January 1, 2025. This also means you cannot close until January 2025 or later. Call the John Thomas Team at 302-703-0727 to get started today or APPLY ONLINE.