FHA Loan Limits Rise: Here's What You Need to Know

Maurie Backman, The Motley Fool
·3-min read
FHA Loan Limits Rise: Here's What You Need to Know

If you're looking to buy a home but don't have a lot of money to put toward a down payment, you might consider an FHA loan. With a conventional mortgage, you'll generally need a score of at least 620 to get approved, whereas FHA lenders will usually accept a score of 580. The good news is that FHA loan limits are increasing this year.