2015 Puerto Rico FHA County Loan Limits

Young family

Planning on buying a home in Puerto Rico? Consider an FHA Loan

What’s the FHA?
The Federal Housing Administration (FHA) was launched as a result of the Great Depression to aid the housing market. The FHA remains committed to aid prospective home buyers who do not satisfy typical financing needs, such as having a credit history or evidence of income.

Is there an income cap with FHA loans?
No!

Do I need to be a first-time buyer?

No, however many Puerto Rico first time home buyers use the program because of the inexpensive down payment (3 1/2%) as well as the seller paid settlement costs.

Do I qualify for an FHA home loan?

If you have a track record of paying your monthly bills on time and you do not already have an FHA mortgage, there is a good chance you will qualify for an FHA loan. Only an authorized FHA loan provider can determine whether or not you meet the requirements for an FHA home loan.

Can my downpayment be paid from gift money?
Yes! Home buyers can pay 100% of your down payment with gift money from family, relatives, or endorsed organizations .

Do I need a good deal of cash to buy a house with an FHA mortgage?

No. The FHA downpayment requirement is only 3.5%. For example, sales price = $200,000 X 3.5% = $7,000

Is the seller permitted to pay my settlement charges?

Yes! The FHA allows the seller to pay up to 6% of the sales price to help with the closing costs.

Does the FHA originate the loan?

No. The FHA insures the mortgage loan. The Federal Housing Administration levies insurance on the mortgage loan. If a borrower defaults on a mortgage loan the FHA uses the money from these insurance premiums to reimburse the lender. This really is how the FHA encourages lenders to give mortgages to otherwise higher-risk borrowers.

Just what types of home mortgage loans are available through the FHA?

You can get a Fixed Interest rate Loans, Variable Rate Loans, and Hybrid Loans

Is getting an FHA mortgage very difficult?
For the most part, it’s not as hard as getting the traditional conventional loan.

I need to refinance. Can the FHA help?

Yes! The FHA offers a streamline refinance loan program for homeowners who currently have a FHA mortgage loan and need to refinance to lower interest rate. In {some cases home owners can do this without up front costs. You can also get a cash-out mortgage refinance whether the mortgage you are refinancing is an FHA loan. With a cash out refinance, you can get as much as 85% of the value of the house.

Is there a sales price limit?

No, however there is a maximum loan amount based on the Puerto Rico county - see below:

2015 FHA County Loan Limits for Puerto Rico


One-Family is a single family home or condominium
Two-Family is two separate living units (duplex)
Three-Family three separate living units (triplex)
Four-Family  four separate living units (fourplex)

Puerto Counties One-Family Two-Family Three-Family Four-Family
ADJUNTAS $271,050 $347,000 $419,425 $521,250
AGUADA $271,050 $347,000 $419,425 $521,250
AGUADILLA $271,050 $347,000 $419,425 $521,250
AGUAS BUENAS $385,250 $493,200 $596,150 $740,850
AIBONITO $385,250 $493,200 $596,150 $740,850
ANASCO $271,050 $347,000 $419,425 $521,250
ARECIBO $271,050 $347,000 $419,425 $521,250
ARROYO $271,050 $347,000 $419,425 $521,250
BARCELONETA $385,250 $493,200 $596,150 $740,850
BARRANQUITAS $385,250 $493,200 $596,150 $740,850
BAYAMON $385,250 $493,200 $596,150 $740,850
CABO ROJO $271,050 $347,000 $419,425 $521,250
CAGUAS $385,250 $493,200 $596,150 $740,850
CAMUY $271,050 $347,000 $419,425 $521,250
CANOVANAS $385,250 $493,200 $596,150 $740,850
CAROLINA $385,250 $493,200 $596,150 $740,850
CATANO $385,250 $493,200 $596,150 $740,850
CAYEY $385,250 $493,200 $596,150 $740,850
CEIBA $385,250 $493,200 $596,150 $740,850
CIALES $385,250 $493,200 $596,150 $740,850
CIDRA $385,250 $493,200 $596,150 $740,850
COAMO $271,050 $347,000 $419,425 $521,250
COMERIO $385,250 $493,200 $596,150 $740,850
COROZAL $385,250 $493,200 $596,150 $740,850
CULEBRA $282,900 $362,150 $437,750 $544,050
DORADO $385,250 $493,200 $596,150 $740,850
FAJARDO $385,250 $493,200 $596,150 $740,850
FLORIDA $385,250 $493,200 $596,150 $740,850
GUANICA $271,050 $347,000 $419,425 $521,250
GUAYAMA $271,050 $347,000 $419,425 $521,250
GUAYANILLA $271,050 $347,000 $419,425 $521,250
GUAYNABO $385,250 $493,200 $596,150 $740,850
GURABO $385,250 $493,200 $596,150 $740,850
HATILLO $271,050 $347,000 $419,425 $521,250
HORMIGUEROS $271,050 $347,000 $419,425 $521,250
HUMACAO $385,250 $493,200 $596,150 $740,850
ISABELA $271,050 $347,000 $419,425 $521,250
JAYUYA $271,050 $347,000 $419,425 $521,250
JUANA DIAZ $271,050 $347,000 $419,425 $521,250
JUNCOS $385,250 $493,200 $596,150 $740,850
LAJAS $271,050 $347,000 $419,425 $521,250
LARES $271,050 $347,000 $419,425 $521,250
LAS MARIAS $271,050 $347,000 $419,425 $521,250
LAS PIEDRAS $385,250 $493,200 $596,150 $740,850
LOIZA $385,250 $493,200 $596,150 $740,850
LUQUILLO $385,250 $493,200 $596,150 $740,850
MANATI $385,250 $493,200 $596,150 $740,850
MARICAO $271,050 $347,000 $419,425 $521,250
MAUNABO $385,250 $493,200 $596,150 $740,850
MAYAGUEZ $271,050 $347,000 $419,425 $521,250
MOCA $271,050 $347,000 $419,425 $521,250
MOROVIS $385,250 $493,200 $596,150 $740,850
NAGUABO $385,250 $493,200 $596,150 $740,850
NARANJITO $385,250 $493,200 $596,150 $740,850
OROCOVIS $385,250 $493,200 $596,150 $740,850
PATILLAS $271,050 $347,000 $419,425 $521,250
PENUELAS $271,050 $347,000 $419,425 $521,250
PONCE $271,050 $347,000 $419,425 $521,250
QUEBRADILLAS $271,050 $347,000 $419,425 $521,250
RINCON $271,050 $347,000 $419,425 $521,250
RIO GRANDE $385,250 $493,200 $596,150 $740,850
SABANA GRANDE $271,050 $347,000 $419,425 $521,250
SALINAS $271,050 $347,000 $419,425 $521,250
SAN GERMAN $271,050 $347,000 $419,425 $521,250
SAN JUAN $385,250 $493,200 $596,150 $740,850
SAN LORENZO $385,250 $493,200 $596,150 $740,850
SAN SEBASTIAN $271,050 $347,000 $419,425 $521,250
SANTA ISABEL $271,050 $347,000 $419,425 $521,250
TOA ALTA $385,250 $493,200 $596,150 $740,850
TOA BAJA $385,250 $493,200 $596,150 $740,850
TRUJILLO ALTO $385,250 $493,200 $596,150 $740,850
UTUADO $271,050 $347,000 $419,425 $521,250
VEGA ALTA $385,250 $493,200 $596,150 $740,850
VEGA BAJA $385,250 $493,200 $596,150 $740,850
VIEQUES $271,050 $347,000 $419,425 $521,250
VILLALBA $271,050 $347,000 $419,425 $521,250
YABUCOA $385,250 $493,200 $596,150 $740,850
YAUCO $271,050 $347,000 $419,425 $521,250