FHA maximum mortgage loan amounts in Washington DC, Los Angeles California, and Miami Florida

In this article, we will take a deep dive look at the FHA maximum loan limits in 3 of the largest, densely-populated metropolitan areas in the country: Miami, Washington DC, and Los Angeles. If you live in any of these areas, you certainly know how expensive home prices have become. With real estate prices at such out of reach levels for some, what is FHA doing to give regular every-day people a shot at the American Dream of home ownership?

Miami, Fort Lauderdale, Pompano Beach - Florida

As of 2023, the median single family home price in Miami was approximately $550,000. The FHA maximum loan limit for single family properties in the Miami, Fort Lauderdale, and Pompano Beach area was $557,750. As you can see, FHA appears to track the market pretty well, and offer enough financing to accomodate the market prices in Miami. Since the FHA 203(b) Basic Home Mortgage Loan program allows as little as a 3.5% down payment , the loan limits need to be high enough to support high prices.

Sunny Southeast Florida is a popular investor area, however, so if you are looking to invest in a 4-unit property to rent out and build wealth, then the FHA loan limit is as high as $1,072,600 in the Miami area. Keep in mind that FHA requires you live in one of the units to qualify for financing. You need the property to be your primary residence for at least 1 year when using FHA financing for a multi-family property (e.g. 2 to 4 units).

Maximum FHA Loan Limits in Miami

County	Single Family (1-unit)	Two-Family (2-units, e.g. duplexes)	Three-Family (3-units)	Four-Family (4-units)
Miami, Ft. Lauderdale, Pompano Beach	$557,750	$714,000	$863,100	$1,072,600

Washington, D.C. Metropolitan area including Northern Virginia and Maryland

The 2023 median single family home price in Washington DC was approximately $700,000, yet the FHA maximum loan limit for a single family home in the DC area including Northern Virginia and Maryland was $1,089,300. This is significantly higher than the median home price. This gap between the median home price and FHA loan maximum is likely due to the fact that there are many areas in the DMV that have average home prices well over a million dollars such as in Arlington County, Virginia and Montgomery County, Maryland.

The nation's capital is sprawling with a diverse population of native DC residents along with thousands upon thousands of people relocating from other parts of the U.S. for work and business, tapping into the wealthy local economy driven by the Federal Government. As a result, home prices tend to be extremely stable in the DC area regardless of the overall economy. This makes the DMV an attractive place to buy a home. The Washington, DC FHA loan limits are more than adequate to help you buy housing in most parts of the Metro area.

FHA Loan Limits in 'the DMV' - Washington D.C., Maryland, and Virginia

County	Single Family (1-unit)	Two-Family (2-units, e.g. duplexes)	Three-Family (3-units)	Four-Family (4-units)
Washington, DC	$1,089,300	$1,394,775	$1,685,850	$2,095,200

Los Angeles / Long Beach / Anaheim California

Los Angeles is one the most expensive places to live the United States. That's why the FHA borrower limit is $1,089,300 for a single family property. LA and DC are comparable in terms of the cost of real estate, and that's why interestingly enough, the FHA mortgage limits for Los Angeles are identical to those of Washington DC.

In 2022, the FHA loan limit for Los Angeles was $970,800. In 2023 it was increased to $1,089,300. That is a 12% increase of $118,500.

FHA Loan Limits in Los Angeles / Long Beach / Anaheim - California

County	Single Family (1-unit)	Two-Family (2-units, e.g. duplexes)	Three-Family (3-units)	Four-Family (4-units)
Washington, DC	$1,089,300	$1,394,775	$1,685,850	$2,095,200