New 2021 FHA Loan Limits

Great news, FLCBank is now accepting new loan applications for FHA Loans utilizing 2021 loan limits!
FHA announced via Mortgagee Letter 2020-41 the new loan limits for 2021 effective with FHA Case Numbers assigned on or after January 1, 2021.
• FHA’s Low-Cost Area Limits for 1-Unit Properties will be increasing from $331,760 to $356,362
• FHA’s High-Cost Area Limits for 1-Unit Properties will be increasing from $765,600 to $822,375
For FHA loans to be eligible for the new loan limits, the FHA Case Number must be dated on or after January 1, 2020.

Click below to read the entire bulletin. 

AC-063_12-04-2020_FHA_ 2021_LoanLimits