Income and Jurisdictional Requirements VA | MD | DC
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Income & Jurisdictional Requirements

Home Loan Products Government Home Loans FHA Loans Income & Jurisdictional Requirements

Below is a chart of the income and jurisdictional requirements for FHA loans.

15, 20, 25, and 30-Year Amortization
Loan ParmetersPurchase(1,5,6)Rate/Term Refinance(4)Simple RefinanceCash-out RefinanceStreamline Refinance(2,3)
LTV/CLTV - Primanry Residence

(1-4 unit, PUD, Condo)		96.5% / 96/5%97.75% / 97.75%97.75% / 97.75%85% / 85%100% / 100%

Footnotes:

  1. Purchase: CLTV may be exceeded with approved secondary financing by Governement Entity.
  2. Streamline Refinance Only: Maximum Mortgage Amount may exceed National Housing Act Statutory Limits and Nationwide Mortgage Limits.
  3. Streamline Refinance Only: Existing Subordinate Financing may remain in place up to 100% CLTV. New Subordinate Finacing up to 100% CLTV is premitted only when the proceeds of the subordinate financing are used to: Reduce the principle amount of the existing FHA insured mortgage, or to finance the origination fees, other closing costs or discount points associated with teh refinance.
  4. Rate and Term: LTV is limited to 85% for a borrower who has occupied the subject property as their principal residence for less than twelve(12) months prior to the case number assignment date; or if owned less than 12 months and has not occupied the property for the entire period of ownership.
  5. Refer to "Identity of Interest", if applicable.
  6. Refer to "Occupancy - Approved Secondary Residence", if applicable.

FHA loan limits are $417,000 across the country and can be as high as $625,500 in other high cost areas.

You can search the FHA mortgage limit in your area using this lookup tool. For your convenience, we have compiled the current FHA mortgage limits for Maryland and Virginia here.