FHA Loan Limits


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

Young family
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 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.

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

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 .

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.

Is getting an FHA mortgage very difficult?

For the most part, it’s not as hard as getting the traditional conventional loan.

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

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:

2014 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 Rico Counties One-Family Two-Family Three-Family Four-Family MSA
Adjuntas County$271,050 $347,000 $419,425 $521,250 ADJUNTAS, PR
Aguada County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Aguadilla County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Aguas Buenas County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Aibonito County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Anasco County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Arecibo County$271,050 $347,000 $419,425 $521,250 ARECIBO, PR
Arroyo County$271,050 $347,000 $419,425 $521,250 GUAYAMA, PR
Barceloneta County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Barranquitas County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Bayamon County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Cabo Rojo County$271,050 $347,000 $419,425 $521,250 SAN GERMÁN, PR
Caguas County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Camuy County$271,050 $347,000 $419,425 $521,250 ARECIBO, PR
Canovanas County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Carolina County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Catano County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Cayey County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Ceiba County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Ciales County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Cidra County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Coamo County$271,050 $347,000 $419,425 $521,250 COAMO, PR
Comerio County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Corozal County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Culebra County$282,900 $362,150 $437,750 $544,050 NON-METRO
Dorado County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Fajardo County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Florida County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Guanica County$271,050 $347,000 $419,425 $521,250 PONCE, PR
Guayama County$271,050 $347,000 $419,425 $521,250 GUAYAMA, PR
Guayanilla County$271,050 $347,000 $419,425 $521,250 PONCE, PR
Guaynabo County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Gurabo County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Hatillo County$271,050 $347,000 $419,425 $521,250 ARECIBO, PR
Hormigueros County$271,050 $347,000 $419,425 $521,250 MAYAGÜEZ, PR
Humacao County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Isabela County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Jayuya County$271,050 $347,000 $419,425 $521,250 JAYUYA, PR
Juana Diaz County$271,050 $347,000 $419,425 $521,250 PONCE, PR
Juncos County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Lajas County$271,050 $347,000 $419,425 $521,250 SAN GERMÁN, PR
Lares County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Las Marias County$271,050 $347,000 $419,425 $521,250 NON-METRO
Las Piedras County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Loiza County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Luquillo County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Manati County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Maricao County$271,050 $347,000 $419,425 $521,250 NON-METRO
Maunabo County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Mayaguez County$271,050 $347,000 $419,425 $521,250 MAYAGÜEZ, PR
Moca County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Morovis County$385,250 $493,200.00 $596,150 $740,850.00 SAN JUAN-CAROLINA-CAGUAS, PR
Naguabo County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Naranjito County$385,250 $493,200.00 $596,150 $740,850.00 SAN JUAN-CAROLINA-CAGUAS, PR
Orocovis County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Patillas County$271,050 $347,000 $419,425 $521,250 GUAYAMA, PR
Penuelas County$271,050 $347,000.00 $419,425 $521,250.00 PONCE, PR
Ponce County$271,050 $347,000.00 $419,425 $521,250.00 PONCE, PR
Quebradillas County$271,050 $347,000 $419,425 $521,250 ARECIBO, PR
Rincon County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Rio Grande County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Sabana Grande County$271,050 $347,000 $419,425 $521,250 SAN GERMÁN, PR
Salinas County$271,050 $347,000 $419,425 $521,250 COCO, PR
San German County$271,050 $347,000 $419,425 $521,250 SAN GERMÁN, PR
San Juan County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
San Lorenzo County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
San Sebastian County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Santa Isabel County$271,050 $347,000 $419,425 $521,250 SANTA ISABEL, PR
Toa Alta County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Toa Baja County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Trujillo Alto County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Utuado County$271,050 $347,000 $419,425 $521,250 AGUADILLA-ISABELA, PR
Vega Alta County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Vega Baja County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Vieques County$271,050 $347,000 $419,425 $521,250 NON-METRO
Villalba County$271,050 $347,000 $419,425 $521,250 PONCE, PR
Yabucoa County$385,250 $493,200 $596,150 $740,850 SAN JUAN-CAROLINA-CAGUAS, PR
Yauco County$271,050 $347,000 $419,425 $521,250 PONCE, PR