Real Estate Blog - Blog Archive: December, 2022

2023 Nationwide Forward Mortgage Limits Increased

The Federal Housing Administration (FHA) published Mortgagee Letter 2022-20, 2023 Nationwide Forward Mortgage Limits, which provides the maximum mortgage limits for FHA-insured Title II forward mortgages. These new loan limits are effective for case numbers assigned on or after January 1, 2023, through December 31, 2023.

FHA's "floor" and "ceiling" loan limits will increase from $420,680 and $970,800 in Calendar Year (CY) 2022 to $472,030 and $1,089,300 [1] in CY 2023, respectively, for a one-unit property.

The following table lists the CY 2023 FHA loan limit thresholds for low-cost and high-cost areas:

Property Size    Low-Cost Area "Floor"   High-Cost Area "Ceiling"

One-Unit          …

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