Announcement - FHFA Loan Limits

Effective 12-09-2024, PHH will begin accepting new locks for both Mandatory and Best Efforts channels that meet the Federal Housing Finance Agency (FHFA) and Housing and Urban Development (HUD) 2025 loan limits.

FHFA Conforming Loan Limits:

Units	Contiguous States, District of Columbia, and Puerto Rico	Alaska and Hawaii
1	$806,500	$1,209,750
2	$1,032,650	$1,548,975
3	$1,248,150	$1,872,225
4	$1,551,250	$2,326,875

FHFA High-Cost Area Loan Limits:

** The high-cost area loan limits are established for each county (or equivalent) and are published on Fannie Mae’s website and on FHFA’s website. The following table contains the ceiling for the high-cost area limits for 2025.

Units	Contiguous States, District of Columbia, and Puerto Rico	Alaska and Hawaii
1	$1,209,750	Not Applicable
2	$1,528,975
3	$1,872,225
4	$2,326,875

HUD Loan Limits:

PHH will begin accepting new locks with case numbers assigned on or after January 1, 2025, that meet the FHFA (Federal Housing Finance Agency) 2025 loan limits for FHA loans.

	FHA Forward Maximum Loan Amounts (Net of any Guaranty Fee)
	FHA
	Contiguous States, District of Columbia, and Puerto Rico		Alaska, Hawaii, Guam, USVI
	Low Cost
Units	2025	2024	2025	2024
1	$524,225	$498,257	$1,814,625	$1,633,950
2	$671,200	$637,950	$2,323,450	$2,092,150
3	$811,275	$771,125	$2,808,325	$2,528,775
4	$1,008,300	$958,350	$3,490,300	$3,142,800
	High Cost
	2025	2024	2025	2024
1	$1,209,750	$1,149,825	Same as Low Cost	Same as Low Cost
2	$1,548,975	$1,472,250
3	$1,872,225	$1,779,525
4	$2,326,875	$2,211,600

Low-Cost Area
The FHA national low-cost area mortgage limits, which are set at 65 percent of the national conforming limit of $806,500 for a one-unit Property, are, by property unit number above.

High-Cost Area
The FHA national high-cost area mortgage limits, which are set at 150 percent of the national conforming limit of $806,500 for a one-unit Property, are, by property unit number above

Special Exceptions

Mortgage limits for the special exception areas of Alaska (AK), Hawaii (HI), Guam (GU) and the Virgin Islands (VI) are adjusted by FHA to account for higher costs of construction.

VA no longer sets Maximum Loan Limits; however, PHH does have set limits which are reflected on the Government Product Listing.

	FHA High Balance Threshold (Net of any Guaranty Fee)

	Contiguous States, District of Columbia, and Puerto Rico		Alaska, Hawaii, Guam, USVI
Units	2025	2024	2025	2024
1	$806,500	$766,550	$1,209,750	$1,149,825
2	$1,032,650	$981,550	$1,548,975	$1,472,250
3	$1,248,150	$1,186,350	$1,872,225	$1,779,525
4	$1,551,250	$1,474,400	$2,326,875	$2,211,600

If you have any questions, please contact your Correspondent Specialist, Sales Executive, or contact us via the support line at 1-800-929-4744.

Thank you for your continued business.