2018 Puerto Rico FHA County Loan Limits

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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:

2018 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)

County One-Family  Two-Family  Three-Family  Four-Family  Median Sale Price 
ADJUNTAS  294,515 377,075 455,800 566,425 122,000
AGUADA  294,515 377,075 455,800 566,425 150,000
AGUADILLA  294,515 377,075 455,800 566,425 150,000
AGUAS BUENAS  385,250 493,200 596,150 740,850 236,000
AIBONITO  385,250 493,200 596,150 740,850 236,000
ANASCO  294,515 377,075 455,800 566,425 150,000
ARECIBO  294,515 377,075 455,800 566,425 161,000
ARROYO  294,515 377,075 455,800 566,425 118,000
BARCELONETA  385,250 493,200 596,150 740,850 236,000
BARRANQUITAS  385,250 493,200 596,150 740,850 236,000
BAYAMON  385,250 493,200 596,150 740,850 236,000
CABO ROJO  294,515 377,075 455,800 566,425 183,000
CAGUAS  385,250 493,200 596,150 740,850 236,000
CAMUY  294,515 377,075 455,800 566,425 161,000
CANOVANAS  385,250 493,200 596,150 740,850 236,000
CAROLINA  385,250 493,200 596,150 740,850 236,000
CATANO  385,250 493,200 596,150 740,850 236,000
CAYEY  385,250 493,200 596,150 740,850 236,000
CEIBA  385,250 493,200 596,150 740,850 236,000
CIALES  385,250 493,200 596,150 740,850 236,000
CIDRA  385,250 493,200 596,150 740,850 236,000
COAMO  294,515 377,075 455,800 566,425 128,000
COMERIO  385,250 493,200 596,150 740,850 236,000
COROZAL  385,250 493,200 596,150 740,850 236,000
CULEBRA  294,515 377,075 455,800 566,425 130,000
DORADO  385,250 493,200 596,150 740,850 236,000
FAJARDO  385,250 493,200 596,150 740,850 236,000
FLORIDA  385,250 493,200 596,150 740,850 236,000
GUANICA  294,515 377,075 455,800 566,425 140,000
GUAYAMA  294,515 377,075 455,800 566,425 118,000
GUAYANILLA  294,515 377,075 455,800 566,425 140,000
GUAYNABO  385,250 493,200 596,150 740,850 236,000
GURABO  385,250 493,200 596,150 740,850 236,000
HATILLO  294,515 377,075 455,800 566,425 161,000
HORMIGUEROS  294,515 377,075 455,800 566,425 128,000
HUMACAO  385,250 493,200 596,150 740,850 236,000
ISABELA  294,515 377,075 455,800 566,425 150,000
JAYUYA  294,515 377,075 455,800 566,425 108,000
JUANA DIAZ  294,515 377,075 455,800 566,425 140,000
JUNCOS  385,250 493,200 596,150 740,850 236,000
LAJAS  294,515 377,075 455,800 566,425 183,000
LARES  294,515 377,075 455,800 566,425 150,000
LAS MARIAS  294,515 377,075 455,800 566,425 95,000
LAS PIEDRAS  385,250 493,200 596,150 740,850 236,000
LOIZA  385,250 493,200 596,150 740,850 236,000
LUQUILLO  385,250 493,200 596,150 740,850 236,000
MANATI  385,250 493,200 596,150 740,850 236,000
MARICAO  294,515 377,075 455,800 566,425 128,000
MAUNABO  385,250 493,200 596,150 740,850 236,000
MAYAGUEZ  294,515 377,075 455,800 566,425 128,000
MOCA  294,515 377,075 455,800 566,425 150,000
MOROVIS  385,250 493,200 596,150 740,850 236,000
NAGUABO  385,250 493,200 596,150 740,850 236,000
NARANJITO  385,250 493,200 596,150 740,850 236,000
OROCOVIS  385,250 493,200 596,150 740,850 236,000
PATILLAS  294,515 377,075 455,800 566,425 118,000
PENUELAS  294,515 377,075 455,800 566,425 140,000
PONCE  294,515 377,075 455,800 566,425 140,000
QUEBRADILLAS  294,515 377,075 455,800 566,425 161,000
RINCON  294,515 377,075 455,800 566,425 150,000
RIO GRANDE  385,250 493,200 596,150 740,850 236,000
SABANA GRANDE  294,515 377,075 455,800 566,425 183,000
SALINAS  294,515 377,075 455,800 566,425 113,000
SAN GERMAN  294,515 377,075 455,800 566,425 183,000
SAN JUAN  385,250 493,200 596,150 740,850 236,000
SAN LORENZO  385,250 493,200 596,150 740,850 236,000
SAN SEBASTIAN  294,515 377,075 455,800 566,425 150,000
SANTA ISABEL  294,515 377,075 455,800 566,425 119,000
TOA ALTA  385,250 493,200 596,150 740,850 236,000
TOA BAJA  385,250 493,200 596,150 740,850 236,000
TRUJILLO ALTO  385,250 493,200 596,150 740,850 236,000
UTUADO  294,515 377,075 455,800 566,425 150,000
VEGA ALTA  385,250 493,200 596,150 740,850 236,000
VEGA BAJA  385,250 493,200 596,150 740,850 236,000
VIEQUES  294,515 377,075 455,800 566,425 133,000
VILLALBA  294,515 377,075 455,800 566,425 140,000
YABUCOA  385,250 493,200 596,150 740,850 236,000
YAUCO  294,515 377,075 455,800 566,425 140,000