In Broward and Palm Beach counties, the ceiling will fall from $423,750 to $345,000, meaning buyers who want loans backed by the FHA can’t borrow more than $345,000. Without FHA loans, borrowers will.The maximum Texas fha loan lending limit for a one family (and condominium) residential home is 271,050 in most Texas counties, however, there are 35 texas counties exceed the FHA limit. Those counties have the highest FHA loan limit at $316,250. The minimum down payment for Texas FHA loans is only 3.5%.FHA mortgage rates hew closely to the mortgage rates on traditional home loans. If the average interest rate on a 30-year fixed-rate mortgage stands at 5.4 percent, you can figure that the average fha mortgage rate is nearly the same. This makes these loans even more attractive.

Most of your bigger banks and mortgage brokers have a $50k minimum, chase, b of a, and companies like countrywide and such, local banks and credit unions will normally loan basically any amount, I’ve done as little as $15k, but you still pay similar fees, orignation cost, and surveys, apprasials, and such fees that are generally the same cost if they loan $10k or $100k, so there becomes a point when imo its not worth going through the bank, as the upfront cost are too great for the property.

And, lenders will want to appraise your home to determine its value and typically cap the amount you can borrow so you don’t owe more than 85% to 90% of your home’s value (including your existing.

The amount of flood insurance coverage required by the Flood disaster protection act of 1973, as amended by the National Flood Insurance Reform Act of 1994, is the lesser of the following: The maximum amount of NFIP coverage available for the particular property type, or; The outstanding principal balance of the loan, or