PHH will begin accepting new locks with case numbers assigned on or after January 1, 2023, that meet the FHFA (Federal Housing Finance Agency) 2023 loan limits for FHA and VA loans.
The following tables contain the loan limits for 2023:
| GNMA Maximum Loan Amounts (Net of any financed MIP) |
||||
|---|---|---|---|---|
| FHA | ||||
| Properties Not in Alaska and Hawaii | Properties in Alaska and Hawaii | |||
| Low Cost | ||||
| Units | 2023 | 2022 | 2023 | 2022 |
| 1 | $472,030 | $420,680 | $1,633,950 | $1,456,200 |
| 2 | $604,400 | $538,650 | $2,092,150 | $1,864,575 |
| 3 | $730,525 | $651,050 | $2,528,775 | $2,253,700 |
| 4 | $907,900 | $809,150 | $3,142,800 | $2,800,900 |
| High Cost | ||||
| 2023 | 2022 | 2023 | 2022 | |
| 1 | $1,089,300 | $970,800 | Same as Low Cost | Same as Low Cost |
| 2 | $1,394,775 | $1,243,050 | ||
| 3 | $1,685,850 | $1,502,475 | ||
| 4 | $2,095,200 | $1,867,275 | ||
Low-Cost Area
The FHA national low-cost area mortgage limits, which are set at 65 percent of the national conforming limit of $726,200 for a one-unit Property, are, by property unit number, as follows:
High-Cost Area
The FHA national high-cost area mortgage limits, which are set at 150 percent of the national conforming limit of $726,200 for a one-unit Property, are, by property unit number, as follows:
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 does not have a maximum loan amount, but instead uses the county loan limit to determine the maximum potential entitlement available for veterans with used or compromised entitlements.
| GNMA Maximum Loan Amounts (Net of any financed MIP) |
||||
|---|---|---|---|---|
| VA | ||||
| Properties Not in Alaska and Hawaii | Properties in Alaska and Hawaii | |||
| Units | 2023 | 2022 | 2023 | 2022 |
| 1 | $726,200 | $647,200 | $1,089,300 | $970,800 |
| 2 | $929,850 | $828,700 | $1,394,775 | $1,243,050 |
| 3 | $1,123,900 | $1,001,650 | $1,685,850 | $1,502,475 |
| 4 | $1,396,800 | $1,244,850 | $2,095,200 | $1,867,275 |
If you have any questions, please contact your your Correspondent Specialist, Sales Executive, or contact us via the support line at 800-929-4744.
Thank you for your continued business.
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