FHA Announces New Loan Limits for 2019

The maximum conforming loan limits for mortgages the Federal Housing Administration will insure will increase in 2019, the agency said today. The loan limit in lower-cost areas will be $314,827, or 65 percent of the national conforming loan limit of $484,350. In high-cost areas, the limit will be $726,525, the FHA said. FHA-insured reverse mortgages will be capped at $726,525. Approximately 82 percent of U.S. counties are considered lower-cost areas, with 2.3 percent at the ceiling and the rest somewhere in between.