04/07/2025
The Federal Housing Administration (FHA) has updated its guidelines for 2025, including new loan limits, minimum property standards, and eligibility requirements.
Loan limits
The FHA floor limit for one-unit properties is $524,225 in 2025.
The FHA ceiling limit for high-cost areas is $1,209,750 in 2025.
FHA determines loan limits using the national conforming loan limit.
Property standards
The FHA issued a temporary partial regulatory waiver to its minimum property standards.
This waiver was issued to help expand the housing supply and lower housing costs.
Eligibility requirements
Non-permanent residents are no longer eligible for FHA financing.
Borrowers must have a minimum FICO score of 580 to qualify for a 3.5% down payment.
Borrowers with a FICO score between 500 and 579 must make a 10% down payment.
Other requirements
Borrowers must have a steady employment history and income.
Borrowers must have a debt-to-income ratio of less than 43%.
Borrowers must have a property appraisal from an FHA-approved appraiser.
The property must be the borrower’s primary residence. Renay.theellisrealtygroup.com
