2018 FHA and VA Loan Limits

New Penn Financial systems will be ready to support the increased FHA and VA loan limits for 2018.

New Penn Financial systems will be ready to support the increased FHA and VA loan limits for 2018.

Please read below for the allowances pertaining to the requirements associated with eligibility for the increased limits.


FHA Mortgagee Letter 2017-16 announced new maximum loan amount limits for FHA case numbers assigned between January 1, 2018 and December 31, 2018.

The FHA national low cost mortgage limits are set at 65% of the national conforming limits.  The current standard loan limit for areas where housing costs are relatively low will change to $294,515. The new national-ceiling loan limit for the very highest cost areas will be change to $679,650.    Areas are eligible for FHA loan limits above the national standard limit, and up to the national ceiling level, based on median area home prices. Additional information and loan limit adjustments for two-, three-, and four-unit properties, and in Special Exception Areas, are noted in FHA Mortgagee Letter 2017-16


VA Circular 26-17-41 announces that the 2018 county loan limits have been posted.  These limits apply to all loans closed January 1, 2018 through December 31, 2018. VA loan limits are based on county median home values reported by the Federal Housing Administration. These values are the basis for which VA calculates limits for the program.

There is no maximum Department of Veterans Affairs (VA) home loan, which means lenders can make VA loans in excess of the loan limit for a county; however VA’s guaranty will be limited to 25 percent of the county loan limit. New Penn Financial overlays do apply.  VA product profiles should be referred to for maximum exposure and down payment requirements.

The full circular can be accessed via the following link: VA Circular 26-17-41