On December 3, 2019, FHA issued Mortgagee Letter 19-19, effective for forward mortgage case numbers, and Mortgagee Letter 19-20, effective for Home Equity Conversion Mortgage (HECM) case numbers, assigned on or after January 1, 2020.
These Mortgagee Letters provide the mortgage limits for Title II FHA-insured forward mortgages and the maximum claim amount for FHA-insured HECMs for Calendar Year (CY) 2020.
FHA's nationwide forward mortgage limit "floor" and "ceiling" for a one-unit property in CY 2020 are $331,760 and $765,600, respectively.
Select the links below for additional mortgage limits guidance for forward mortgages:
- FHA Mortgage Limits Search
- Areas at Ceiling
- Areas Between Floor and Ceiling
- Jurisdictions with Loan Limit Decreases
- Jurisdictions with Loan Limit Increases
For CY 2020, the HECM maximum nationwide claim amount will be $765,600 for all areas, and effective for all case numbers assigned on or after January 1, 2020 through December 31, 2020. Refer to Mortgagee Letter 19-20 for more details.