What is an FHA loan? An FHA home loan is a government-backed mortgage designed to make buying a home more accessible. If you don't qualify for a conventional loan, an FHA loan might be right for you. These loans are insured by the Federal Housing Administration (FHA), which doesn't ...
FHA loan limits are generally calculated as a percentage of the county's median home price. For example, the 2025 limit for a single-family home in Alameda County, California, is $1,209,750, while the limit in Bullock County, Alabama, is $524,225. You can search for a given county's...
Buyers Often Confuse FHA Appraisal with a Home Inspection
Lenders require an appraisal to ensure the home's value is worth how much you will pay. With an FHA loan, the Department of Housing and Urban Development also wants to ensure the home is worth the purchase price and check the property's condition. The home has to pass basic safety and ...
Each year, the Federal Housing Administration sets limits on how much can be borrowed with an FHA loan. These limits are based on the location of the property, as well as the number of units in the home.The FHA sets both a floor and a ceiling for loan amounts. The floor is the ...
FHA loan limits FHA loans have limits on how much you can borrow depending on the type of property you’re financing and where you’re buying. In 2025, the FHA loan limit for a single-family home in most counties is $524,225, but it can be as high as $1,209,750 in higher-cost...
a health or safety hazard that the seller will not agree to fix, the lender won't approve the property. For example, the FHA usually won’t insure a home that needs major repairs to be livable such as a structural crack in the foundation. In this case, you can't get an FHA loan....
For either loan type, the appraisal is not a home inspection. Property types Lenders also look at what buyers plan to use the home for. FHA loans require the borrower to live in the home as their primary residence, so they can’t invest in or flip properties. With conventional loans, in...
Can you get an FHA loan with zero down? Technically no, you still need to provide a 3.5% down payment. But if the 3.5% is gifted by an acceptable donor, it’s effectively zero down for the borrower. For arate and term refinance, you can get aloan-to-value(LTV) as high as 97.75...
FHA Loan articles and updates for first time homebuyers, homeowners looking to refinance an existing mortgage, and anyone looking to learn how to buy a home with a low down payment mortgage.