Announcement 19-0093: FHA and VA Maximum Loan Limits for 2020

December 29, 2019

Overview

FHA Loans:
For calendar year 2020, the Department of Housing and Urban Development (HUD) announced the following maximum first mortgage loan limits that will apply to FHA loans with case numbers assigned on and after January 1, 2020 through December 31, 2020:

FHA Loan Limits
Units	Low Cost Areas	High Cost Areas	Alaska and Hawaii
One	$331,760	$765,600	$1,148,400
Two	$424,800	$980,325	$1,470,475
Three	$513,450	$1,184,925	$1,777,375
Four	$638,100	$1,472,550	$2,208,825

VA Loans:
The Veteran’s Administration (VA) announced the VA Loan limits will be the same as the FHFA conventional loan limits. The following loan limits will apply to VA loans with a note date on and after January 1, 2020 through December 31, 2020:

VA Loan Limits
Units	Conforming Loan Amounts		High Balance Loan Amounts
Units	Continental U.S.	Alaska and Hawaii	Continental U.S.	Alaska and Hawaii
One	$510,400	$765,600	$765,600	Not Applicable – Alaska and Hawaii do not have any high cost areas in 2020
Two	$653,550	$980,325	$980,325
Three	$789,950	$1,184,925	$1,184,925
Four	$981,700	$1,472,550	$1,472,550

Contacts

Please contact CorrespondentRM@carringtonms.com with any questions.
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Contact your Account Executive with questions.

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5

VA Automatic Lender Approval #:
902324-00-00

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Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.

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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00