Rule Changes Make it Easier to Buy a House in 2023: FHA Loan Limits Raised

The FHA raised the loan limits for 2023 in the US, including going from $420,000 to $494,000 in Las Vegas and the surrounding County. This limit is for single family homes. For 4 plexes the limit is $950,000. Normally a borrower has to have a 540 credit score (which is very low) and only has to put 3 1/2% down, which most people can afford.

The FHA loan limit is a tool that the government uses to help borrowers buy as both interest rates go up and as prices go up. As home prices go up in Las Vegas it is likely that the FHA will keep raising the limit so that more borrowers can qualify for a home loan.

If you have a question about FHA loans in Las Vegas we can refer you to a lender that can answer your questions. Feel free to reach out to us.

Todd Miller

Oana Miller

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