NMLS 2275047

2023 FHA loan limits: FHA loan limits rise by over $50K

FHA loan limits are increasing in 2023. The new baseline limit — which applies to most single-family homes — will be $472,030. That’s an increase of more than $51,000 over last year’s FHA loan limit of $420,680.

In the South Florida Tri-County Region (Miami-Dade, Broward, and Palm Beach Counties), the FHA loan limits are increasing to $557,750.

Caps are even higher in areas with expensive real estate, where FHA loan limits will now reach above $1 million.

The Federal Housing Administration is raising its lending limits to keep pace with home price inflation. With these higher limits, borrowers have access to a wider range of homes using affordable FHA financing.

The Department of Housing and Urban Development (HUD) is increasing FHA loan limits in 3,222 counties while just 12 counties will remain the same.

You can look up your local FHA loan limits using this search tool: FHA Mortgage Limits

What’s the most you can borrow with an FHA loan?

FHA loan limits dictate the maximum amount you can borrow on an FHA-backed home loan.

Starting January 1, 2023, the new FHA loan limit will be $472,030 for a single-family home in most parts of the country. Limits increase for 2-, 3-, and 4-unit properties.

FHA borrowers can also get bigger loans in high-cost areas.

The maximum FHA loan limit for a 1-unit property in a high-cost county is $1,089,300. And there are “special exception” loan limits in Alaska, Hawaii, Guam, and the U.S. Virgin Islands. In these areas, FHA caps single-family home loans at a surprising $1,633,950.

Keep in mind that not every borrower will qualify for the maximum FHA loan amount. The most you can borrow will depend on factors like your credit score, debt-to-income ratio, and down payment amount.

Choice Mortgage Group

Since 1995, Choice Mortgage Group has been providing homeowners with the best real estate financing programs available. As a licensed lender, we offer a wide variety of services and programs that satisfy the unique needs of each of our clients.

Specializing in residential mortgage lending for over 25 years, our programs include conventional and government lending, purchases, and refinances. We also offer portfolio lending for self-employed borrowers and borrowers with complicated tax situations. South Florida is where Choice Mortgage Group started, and we like to call it home. We are devoted Florida Atlantic University Owls fans and are proud to be the official mortgage lender of FAU Athletics. We also support numerous other local organizations. For more information about Choice Mortgage Group, visit www.choicemortgage.com.

2424 N Federal Hwy, Suite 100

Boca Raton, FL 33431

(561) 395-6900


Corporate Office

2424 N Federal Hwy, Suite 100
Boca Raton, FL 33431
(561) 395-6900
(888) 216-6476

NMLS 2275047


Official Mortgage Lender of Florida Atlantic Athletics



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2424 N Federal Hwy, Suite 100 Boca Raton, FL  33431 | Phone: (561) 395-6900 Toll-Free: (888) 216-6476
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