FHA Loans

While FHA loans do come with mortgage limits, those limits vary depending on the location and build of the home. The FHA limit for one-family properties in many counties will be $472,030, but prospective homeowners should always check with their loan officer to identify the local limits. For a complete list of FHA limits by county, visit the U.S. Department of Housing and Urban Development website.

Borrowers can use FHA loans for a variety of property types, including single-family homes through four-family homes as well as both manufactured homes and condos. These property types also impact the mortgage limits depending on location and build. For a complete list of FHA limits by property type and county, visit the U.S. Department of Housing and Urban Development website.

As always, sellers must weigh a variety of factors when comparing offers. But because FHA loans are government-backed, the application process – including home inspections and appraisals – can include more steps than a conventional mortgage. If you plan to pursue an FHA loan, make sure to select a real estate agent with FHA loan experience to make things easier for all parties throughout the process.

The Amplify Credit Union team will consider applications with credit scores as low as 600. However, as with any application type, please note that credit score alone does not determine your eligibility as a borrower. If you have questions about your qualifications as a borrower, use the form below to contact our real estate lending team and discuss next steps.