2023 Mortgage & FHA Loan Limits

Alaska, Hawaii, Guam, & U.S. Virgin Islands

*Alaska, Hawaii, Guam, & U.S. Virgin Islands are special exceptions where 150% of the standard loan limit applies. The resulting limits are:

2023 Conforming and FHA loan limits updated January 1, 2023.
Source: hud.gov

What is the 2023 conforming loan limit?

The base conforming loan limit for 2023 is $726,200. The limit applies to one-unit properties like single family homes, condos, and townhouses. The maximum conforming loan amount in the highest high-cost areas is $1,089,300.

Fannie Mae and Freddie Mac buy conforming/conventional loans from mortgage lenders. Loan limits are county dependent and are higher in areas where average home prices exceed the base limit.

Our lookup tool updates annually with the most current Fannie Mae and Freddie Mac loan limits.

What is the 2023 FHA loan limit?

FHA loan limits increased to $472,030 in most counties for one-unit homes. High-cost area limits are as high as $1,089,300.

Mortgage loans insured by FHA must fall within the established limits. Like conforming loans, FHA loan limits are county dependent and increase in areas with higher than average home prices.

What is the 2023 VA loan limit?

There is no VA loan limit in 2023 for homebuyers with full VA entitlement.

Beginning back in January of 2020, if a VA homebuyer has full entitlement, there is no VA loan limit. Veterans and eligible service members with full entitlement can use a VA loan to buy a home of any amount for which they qualify.

It is possible to have more than one VA loan. In cases where entitlement is not restored before closing, the maximum VA loan is calculated using the one-unit conforming loan limit.

About County Loan Limits

Each of the following loan programs have limits on the amount you can borrow when purchasing a new home. Some states and counties have higher limits. Use the lookup tool on this page to search loan limits in your area.

• FHA loans generally have the lowest limits. It most counties the 2023 limit on a single family (one-unit) home is $472,030.
• Conforming loans meet Fannie Mae and Freddie Mac loan standards. The limits are typically higher than FHA loans - $726,200 in most counties.
• VA loans have no limit unless you have entitlement in use. You can have a second VA loan, but you may have to make a down payment. Tier-2 entitlement uses the conforming 0ne-unit loan limit.

Once you've determined the limit where you're buying, use our calculators to experiment with various monthly payments.