The 2013 Houston FHA Maximum Loan Amount*

The 2013 Houston FHA Maximum Loan Amount*

In 2013, FHA will be increasing the FHA maximum loan amount for an FHA loan on a one-family home from $271,050* to $272,550*. With the ability to put down as little as 3.5%, FHA is an attractive financial option for many home owners. Click here to view the FHA site showing FHA loan amounts throughout the US. (


Why use an FHA Loan?

An FHA loan is a great alternative for those seeking a loan that may not have the credit rating or funds to obtain a conventional loan.

  • You can generally purchase a home with as little as 3.5% down
  • Your credit score does not have to be as strong – a score as low as 580 can qualify for a loan, 620 to qualify for a 3.5% down payment option
  • You can add closing costs to the loan amount
  • You can receive down payment funds as a gift from your family, friends, and even your employer
  • You can qualify even if you have had a bankruptcy or foreclosure

The FHA plans to increase the MIP from 1.20% to 2.05%

The FHA may increase its mortgage insurance premiums - MIP - from 1.20% annually to 2.05%. The Federal Housing Administration Fiscal Solvency Act of 2012 sailed through the House of Representatives, but has not been approved by the Senate and will probably not be addressed this year before the Senate adjourns.

The FHA – Federal Housing Administration – is a self-funded organization that “insures” private loans issued for the purchase of new and existing housing. Rather than to get funding from Congress, the FHA gets its funding from the mortgage insurance it collects. The FHA is expected to keep $2 in reserve for every $100 insured.


What does this mean to me?

It means NOW is a great time to buy! If you plan to purchase a home using an FHA loan, then buy now and lock in the lower MIP before the rate goes up. The 2013 FHA Loan Limit of $272,550 for Harris County Texas (aka: Houston–Sugar Land–Baytown metropolitan area) covers portions of Houston and Katy Texas as well as all of Spring Texas and Tomball Texas.




Use our interactive maps at to find your dream home in Houston Tx. Zoom in on neighborhoods of interest - even zoom into the streets you would like to live on to see what homes are available. No clicking needed - just mouse over the home to get a picture and a summary of the home. Like it - click for more details.

See one you like? Let me know you get connected with an FHA Lender to get you prequalified and then we will go Home Shopping. Call me:
- Jason Gracey of RE/MAX Vintage at (281) 376-2755 -
and go Home Shopping.


*Above Information obtained from


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s