Financing December 15, 2022


Recently put in place, HUB announced new loan limits for the calendar year 2023 for single-family homes and qualified condos. 


“The loan limits announced today reflect steep increases in home prices throughout much of the country and will ensure continued access to FHA-insured mortgage financing despite those increases,” said Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon.

The San Francisco Bay Area is a High-Cost Area “Ceiling” where one who meets the requirements can get a one-unit with an FHA loan as high as $1,089,300 to a four-unit building with a loan topped at $2,095,200. 


Minimum Requirements for an FHA Loan


  1. Sufficient income: One that manages a debt-to-income ratio of no more than 50%. 
  2. A credit score of 580 or higher 
  3. Down payment of at least 3.5% to 5%. There is still private mortgage interest on top. 


Contact me for more information, and I can connect you to a lender that can help you.