The Federal Housing Administration (FHA) has published their single family housing loan limits that will go into effect for all mortgages and home equity conversion mortgages (known as HECMs) for any case number assigned on or after January 1st, 2015.
The following limits are for low cost and high cost areas;
Property Size Low Cost Area - "Floor" High Cost Area - "Ceiling"
One Unit $271,500 $625,500
Two Units $347,000 $800,775
Three Units $419,425 $967,650
Four Units $521,250 $1,202,925
There are two attachments to the notice published by the FHA tht indicate with metropolitan areas have limits that are at the Ceiling and Above (go higher) and which areas have limits that fall between the stated floor and ceiling amounts. To learn the loan limits for any particular Metropolitan area you can search the HUD.Gov website at https://entp.hud.gov/idapp/html/hicostlook.cfm.
Alaska, Hawaii, Guam and the Virgin Islands all fall into a different pricing category;
One Unit $938,250
Two Units $1,201,150
Three Units $1,451,925
Four Units $1,804,375