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The Loan Limits for Government-Backed Mortgages in 2019

Government backed mortgages have loan limits to limit the amount the mortgage can be. Each different government backed mortgage type has a different limit for the year 2019. An FHA loan has a limit based on the cost of living of the county where the property is. Both the floor and ceiling counties saw their limits rise. VA loans also saw their floor limit increase. USDA loans aren’t limited by the price of the home, but rather the income of the purchaser. The maximum allowable income for someone applying for a USDA loan increased this year as well.

Key Takeaways:

  • For 2019, government loan limits for government-backed mortgages jumped to just shy of 7%.
  • The jump is actually similar to the loan limits jump achieved for last year.
  • Loan limits for counties, which are fixed based upon assessed home values, have risen in 2019, in 3000 counties.

“Each year, the government-backed mortgages have different loan limits. Understanding these limits can help you determine how much you may be eligible to borrow whether to purchase or refinance your home.”

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