Call Us Today! 877-310-0970

FHA Announces New Loan Limits For 2016 Calendar Year

Category | Financial Regulations
Fha Announces New Loan Limits For 2016 Calendar Year

Happy New Year!

As part of our commitment to all of our partners here at Impac Mortgage Corp. Wholesale, we wanted to share the maximum Federal Housing Administration (aka FHA) loan limits for the 2016 calendar year.

This new FHA loan limit information was published in Mortgagee Letter 2015-30: 2016 Nationwide Forward Mortgage Limits, which provides the 2016 maximum mortgage limits for FHA-insured mortgages. These FHA loan limits are effective for case numbers assigned on or after Jan. 1, 2016 through Dec. 31, 2016.

Some 188 counties or jurisdictions had loan limit increases. The loan limit increases in these areas range from $350 to $115,350. To enable mortgagees to easily identify areas with loan limit increases, FHA has also published a separate list of counties with loan limit increases. Mortgagees may view this list – along with a list of areas at the ceiling and a list of areas between the floor and ceiling – on the Maximum Mortgage Limits site.

FHA forward mortgage limits are also availably by MSA and county, or by downloading a complete listing at

There were no counties or jurisdictions with loan limit decreases from 2015 levels.

No changes have been made to the low-cost area and high-cost area limits for Title II forward mortgages – as referenced in Section II.A.2.a.ii of the FHA Single Family Housing Policy Handbook 4000.1. The Home Equity Conversion Mortgage (HECM) national claim amount limitations for 2016 also remain unchanged, standing at $625,000 for all areas.

FHA decided to publish its Home Equity Conversion Mortgage (aka HECM) and Title II forward mortgage loan limits separately this year, due to forward mortgages having been incorporated into the FHA Single Family Housing Policy Handbook 4000.1.

For additional FHA resources, you can visit the official FHA online knowledge base. A list of all FHA forms is also available online.

You can also email the FHA Resource Center at, or call 1.800.CALLFHA (1.800.225.5342). Per the FHA, emails and phone messages will be responded to during normal hours of operation, 8 a.m. to 8 p.m. Eastern, Monday through Friday, on all non-Federal holidays.

We wish you a wildly successful and profitable 2016!

Copyright © 2019 Impac Mortgage Corp. All rights reserved. NMLS #128231. Rates, fees and programs are subject to change without notice. Other restrictions may apply. Information is intended solely for mortgage bankers, mortgage brokers, financial institutions and correspondent lenders. Not intended for distribution to consumers, as defined by Section 1026.2 of Regulation Z, which implements the Truth-In-Lending Act. Licensed by the Department of Business Oversight, under the California Residential Mortgage Lending Act (License #4131083). Impac Mortgage Corp. dba Excel Mortgage.