As Fannie Mae and Freddie Mac announced the Conventional loan limits were increasing for 2018, HUD has just announced that FHA loan limits are increasing as well.
This will be welcome news to many in California. In higher cost counties the new FHA loan limit is now $679.650 (up from $636,150 this year).
In Placer, Sacramento, Yolo, and El Dorado counties the new FHA limit is $517,500 (up from $488,750 today). Not quite what it is in the highest cost counties in the state, but the new limit will definitely help some buying in many neighborhoods in Roseville, Rocklin, Folsom, and Sacramento.
The new FHA loan limits go into effect Jan 1st, 2018.