Settlement went great!!! We are so excited! The whole process was surprisingly painless. Thank you for all your help. Going into the whole home buying process we heard a lot of scary things from friends about how daunting a task it was. Not one of them referred either their real estate agent or their mortgage broker. I can safely say that both you and Daniel more than met our expectations. We have already bragged to our friends about how easy and rewarding this whole process has been. Thanks for making this a reality for us! 
Michael C.-Manassas, VA

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FHA Loan Limits

A law enacted in 1994 made a change to the way that the Federal Housing Administration (FHA) calculated the minimum and maximum loan amounts for FHA mortgages (one- to four-family owner-occupied properties).

Minimum (Floor) Amounts

In general, FHA minimum loan amounts ("the floors") are limited to 38 percent of the maximum loan limits used by the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac). FHA maximum loan amounts ("the ceilings") are set at 75% of the FNMA/FHLMC loan limits. This may differ if you are in a high cost area, then the amounts may go up.

The FHA Maximum Loan limits for your specific can be determined most easily by using the FHA web site, and using their chart. Go to: https://entp.hud.gov/idapp/html/hicostlook.cfm

The easiest way to use this site is to:

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  2. Type in your state
  3. Type in your county - The rest you can leave blank, this will yield the best results.

For Washington, DC:

  1. Sort by "Most Recent"
  2. Select "District of Columbia" under State.
  3. Everything else can be left blank.