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FHA Loan Limits
Minimum down payment is 3.5%.
The 3.5% down payment can come from a gift.
Credit scores as low as 620 acceptable.
Seller can pay all closing costs.
Co-signers are allowed.
The FHA Maximum Loan limits for your specific can be determined most easily by using the FHA web site, and using their chart. Go to: https://entp.hud.gov/idapp/html/hicostlook.cfm
The easiest way to use this site is to:
- Sort responses by state
- Type in your state
- Type in your county – The rest you can leave blank, this will yield the best results.
For Washington, DC:
- Sort by “Most Recent”
- Select “District of Columbia” under State.
- Everything else can be left blank.