HUD Archives: News Releases
HUD No. 2017-12-08 For Release
Friday
December 8, 2017

FHA HIKES MORTGAGE LIMITS

On, December 7th, HUD announced that the limits on mortgages insured by FHA - the Federal Housing Administration - will be raised in virtually all of the nation's housing markets effective January 1, 2018.

Below you will see a chart outlining the changes that will occur in Northwest and Alaska housing markets on January 1st. In the first line of each chart you will see the reference STATEWIDE. That reflects the changes to take effect in every market in that state and across the nation. Below that reference, however, you will see a list of "higher-cost" markets and the increases that will take effect for them on that date.

Since its establishment in 1930's, FHA has insured over 1.8 million mortgages in Alaska, Idaho, Oregon and Washington with a total dollar value of more than $216 billion. With a down-payment requirement of just 3.5 percent, last year 82 percent of its borrowers were first-time homebuyers.

ALASKA - As of November 2nd, there were a total of 17,702 "active" FHA-insured mortgages in Alaska with a total dollar value of $3.7 billion.

LOCATION
2017 1-family limit
2018 1-family limit
2017 2-family limit
2018 2-family limit
2017 3-family limit
2018 3-family unit
2017 4-family limit
2018 4-family unit
ALASKA STATEWIDET
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
ALEUTIANS WEST
$385,250
$385,250
$493,200
$493,200
$596,150
$596,150
$740,850
$740,850
ANCHORAGE MUNIC
$396,750
$396,750
$507,900
$507,900
$613,950
$613,950
$763,000
$763,000
BRISTOL BAY BOR
$313,950
$313,950
$401,900
$401,900
$485,800
$485,800
$603,750
$603,750
DENALI BOROUGH
$297,850
$297,850
$381,300
$381,300
$460,900
$460,900
$572,800
$572,800
DILLINGHAM CENS
$275,665
$297,850
$352,950
$381,300
$426,625
$460,900
$530,150
$572,800
FAIRBANKS NORTH
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
HAINES BOROUGH
$284,050
$294,515
$363,600
$377,075
$439,550
$455,800
$546,250
$566,425
HOONAH-ANGOON C
$281,750
$294,515
$360,700
$377,075
$436,000
$455,800
$541,800
$566,425
JUNEAU CITY AND
$425,500
$427,800
$544,700
$547,650
$658,450
$662,000
$818,250
$822,700
KENAI PENINSULA
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
KETCHIKAN GATEW
$325,450
$338,100
$416,600
$432,800
$503,600
$523,200
$625,850
$650,200
KODIAK ISLAND B
$381,800
$381,800
$488,750
$488,750
$590,800
$590,800
$734,250
$734,250
MATANUSKA-SUSIT
$396,750
$396,750
$507,900
$507,900
$613,950
$613,950
$763,000
$763,000
NOME CENSUS ARE
$353,050
$391,000
$451,950
$500,550
$546,300
$605,050
$678,950
$751,900
NORTH SLOPE BOR
$332,350
$332,350
$425,450
$425,450
$514,300
$514,300
$639,150
$639,150
PETERSBURG CENS
$332,350
$332,350
$425,450
$425,450
$514,300
$514,300
$639,150
$639,150
PRINCE OF WALES
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
SITKA CITY AND
$451,950
$458,850
$578,550
$587,400
$699,350
$710,050
$869,150
$882,400
SKAGWAY MUNICIP
$415,150
$415,150
$531,450
$531,450
$642,400
$642,400
$798,350
$798,350
VALDEZ-CORDOVA
$293,250
$294,515
$375,400
$377,075
$453,750
$455,800
$563,950
$566,425
WRANGELL CITY A
$332,350
$332,350
$425,450
$425,450
$514,300
$514,300
$639,150
$639,150
YAKUTAT CITY AN
$420,900
$420,900
$538,800
$538,800
$651,300
$651,300
$809,450
$809,450

IDAHO - As of November 2, 2017 there were 52,057 "active" FHA-insured mortgages in Idaho with a total dollar value of $7.4 billion.

LOCATION
2017 1-family limit
2018 1-family limit
2017 2-family limit
2018 2-family limit
2017 3-family limit
2018 3-family unit
2017 4-family limit
2018 4-family unit
STATEWIDE
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
BLAINE
^636,150
$646,300
$814,500
$827,400
$984,525
$1,000,100
$1,223,475
$566,425
CAMAS
$636,150
$646,300
$814,500
$827,400
$984,525
$1,000,100
$1,223,475
$566,425
LINCOL N
$636,150
$646,300
$814,500
$827,400
$984,525
$1,000,100
$1,223,475
$566,425
TETON
636150
$679,650
$814,500
$870,225
$984,525
$1,051,875
$1,223,475
$566,425

OREGON - As of November 2, 2017 there were 75,179 "active" FHA-insured mortgages in Alaska with a total dollar value of $14.9 billion.

LOCATION
2017 1-family limit
2018 1-family limit
2017 2-family limit
2018 2-family limit
2017 3-family limit
2018 3-family unit
2017 4-family limit
2018 4-family unit
STATEWIDE
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
CORVALLIS/BENTONB
$323,150
$356,500
$413,700
$456,350
$500,050
$551,650
$621,450
$685,550
PORTLAND -VANCOUVER -MULTNOMAH - CLACKAMAS -WASHINGTON -COLUMBIA -YAHILL -CLARK
$408,250
$448,500
$522,600
$574,150
$631,750
$694,000
$785,100
$682,500
CLATSOP/ASTORIA
$281,750
$299,000
$360,700
$382,750
$436,000
$462,650
$541,800
$575,000
DESCHUTES/BEND/REDMOND
$342,700
$373,750
$438,700
$478,450
$530,300
$578,350
$659,050
$718,750
HOOD RIVER
$391,000
$454,250
$500,550
$581,500
$605,050
$702,900
751900
$873,550
JACKSON/MEDFORD
$280,600
$302,450
$359,200
$387,200
$434,200
$468,000
$539,600
$581,650
LINCOLN/HERMISTON
$276,000
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425

WASHINGTON - As of November 2, 2017 there were 155,024 "active" FHA-insured mortgages in Washington state with a total dollar value of $32.4 billion.

LOCATION
2017 1-family limit
2018 1-family limit
2017 2-family limit
2018 2-family limit
2017 3-family limit
2018 3-family limit
2017 4-family limit
2018 4-family unit
STATEWIDE
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
CHELAN
$342,700
$342,700
$438,700
$438,700
$530,300
$530,300
$659,050
$659,050
CLALLAM
$384,100
$384,100
$491,700
$491,700
$594,350
$594,350
$738,650
$738,650
CLARK
$408,250
$448,500
$522,600
$574,150
$631,750
$694,000
$785,100
$862,500
DOUGLAS
$342,700
$342,700
$438,700
$438,700
$530,300
$530,300
$659,050
$659,050
ISLAND
$327,750
$345,000
$419,550
$441,650
$507,150
$533,850
$630,300
$663,450
JEFFERSON
$322,000
$322,000
$412,200
$412,200
$498,250
$498,250
$619,250
$619,250
SEATTLE-TACOMA-BELLEVUE-KING-PIERCE-SNOHOMISH
$592,250
$667,000
$758,200
$853,900
$916,450
$1,032,150
$1,138,950
$1,282,700
BREMERTONKITSAP
$310,500
$330,050
$397,500
$422,500
$480,450
$510,700
$597,100
$634,700
PIERCE
$592,250
$667,000
$758,200
$853,900
$916,450
$1,032,150
$1,138,950
$1,282,700
SAN JUAN ISLANDS
$483,000
$483,000
$618,300
$618,300
$747,400
$747,400
$928,850
$928,850
SKAGIT
$315,100
$315,100
$403,350
$403,350
$487,600
$487,600
$605,950
$605,950
SKAMANIA
$408,250
$448,500
$522,600
$574,150
$631,750
$694,000
$785,100
$862,500
SPOKANE-SPOKANE VALLEY, WA
$275,665
$294,515
$352,950
$377,075
$426,625
$455,800
$530,150
$566,425
OLYMPIA/THURSTON
$297,850
$316,250
$381,300
$404,850
$460,900
$489,350
$572,800
$608,150
BELLINGHAM/WHATCOM
$320,850
$345,000
$410,750
$441,650
$496,500
$533,850
$617,000
$663,450

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Content Archived: December 18, 2018