What are FHA Loan Limits in Massachusetts?

FHA loans are a low down payment mortgage program and Massachusetts FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. FHA loan limits in Massachusetts are set higher than the floor amount of $275,665 across most of the state.

Massachusetts FHA Loan Limits Search:

County Name
Area
1-Unit
2-Unit
3-Unit
4-Unit
BARNSTABLEBARNSTABLE TOWN, MA$408,250$522,600$631,750$785,100
BERKSHIREPITTSFIELD, MA$275,665$352,950$426,625$530,150
BRISTOLPROVIDENCE-WARWICK, RI-MA$426,650$546,200$660,200$820,500
DUKESVINEYARD HAVEN, MA$636,150$814,500$984,525$1,223,475
ESSEXBOSTON-CAMBRIDGE-NEWTON, MA-NH$598,000$765,550$925,350$1,150,000
FRANKLINGREENFIELD TOWN, MA$275,665$352,950$426,625$530,150
HAMPDENSPRINGFIELD, MA$287,500$368,050$444,900$552,900
HAMPSHIRESPRINGFIELD, MA$287,500$368,050$444,900$552,900
MIDDLESEXBOSTON-CAMBRIDGE-NEWTON, MA-NH$598,000$765,550$925,350$1,150,000
NANTUCKETNON-METRO$636,150$814,500$984,525$1,223,475
NORFOLKBOSTON-CAMBRIDGE-NEWTON, MA-NH$598,000$765,550$925,350$1,150,000
PLYMOUTHBOSTON-CAMBRIDGE-NEWTON, MA-NH$598,000$765,550$925,350$1,150,000
SUFFOLKBOSTON-CAMBRIDGE-NEWTON, MA-NH$598,000$765,550$925,350$1,150,000
WORCESTERWORCESTER, MA-CT$287,500$368,050$444,900$552,900

Massachusetts FHA loan limits can change at any time. Check back often to ensure accurate information.

How are Massachusetts FHA Limits Set?

Massachusetts FHA Loan LimitsMortgage limits for Massachusetts FHA loans are based on median housing prices for the particular Metropolitan Statistical Area (MSA) and county. More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low costs areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.

Massachusetts FHA Loan-to-Value Limits (LTV)

  • Purchase Loans –  The mortgage loan-to-value limit in MA is 96.5% of the lower of the purchase price or the appraised value of the home.
  • Refinance Loans – The refinance loan-to-value limit in MA is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.

Massachusetts FHA loan limits are set above nationwide floor amount in Boston, Worcester, Springfield, Lowell, Cambridge, New Bedford, Brockton, Quincy, Lynn, Fall River, Newton, and Lawrence.  You may also want to view these additional FHA loan resources before deciding on a mortgage loan:

More FHA Loan Resources

 

Get Your Rate Quote
Refinance     Purchase

As seen in: