FHA Loan Limits and 203k Loans
FHA loans are limited to specific maximum dollar amounts set specific to a borrower’s geographic area. For 2018, the technical maximum FHA loan limit is $294,515. However, some geographic areas have higher limits based on the cost of eligible homes in those areas. For example, in 2018, the maximum FHA loan limit for a single-family home in San Francisco, California, was $679,650. An FHA-approved lender can advise borrowers on the FHA loan limits that apply to their specific situation.
203k Loans and FHA Loan Limits
“The value of the property before rehabilitation plus the cost of rehabilitation, or
“110% of the appraised value of the property after rehabilitation, whichever is less”