FHA loans aren’t available for mansions (unless, of course, you’re getting a killer deal on one). In order to take out an FHA mortgage, your loan must be within the published limits.
Each county has its own FHA loan limit, determined by local home prices. Generally, the limits for an FHA loan are greater than one could expect to pay for a traditional, three bedroom / two bathroom home in the area.
Borrowers looking to purchase property in New York or Los Angeles, for example, can expect larger limits than those home-hunting in less-expensive areas.
To find an up-to-date listing of FHA loan limits, check out the official website here: FHA Mortgage Limits.
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