2026 HUD Multifamily Basic Statutory Limits
The current per-unit cost limits for HUD/FHA multifamily programs by building type and bedroom count, effective January 1, 2026.
The Department of Housing and Urban Development (HUD) has released the updated Basic Statutory Mortgage Limits for Multifamily Housing Programs for Calendar Year 2026. The adjustments are effective January 1, 2026, and may be applied to FHA multifamily mortgage insurance applications submitted or amended on or after that date, so long as the loan has not been initially endorsed (91 FR 24597, published May 6, 2026).
These limits are essential for understanding the maximum mortgage amounts available for various multifamily loan programs backed by the Federal Housing Administration (FHA). The 2026 adjustment reflects a 2.3% increase in the Consumer Price Index for All Urban Consumers (CPI-U), applied under Section 206A of the National Housing Act.
Basic Statutory Mortgage Limits for Calendar Year 2026
The adjusted dollar amounts for the 2026 calendar year are shown in the tables below. High-cost area adjustments may apply above these base limits; your HUD lender can confirm the limits for a specific market.
Section 207: Multifamily Housing (and Others)
This section also includes housing pursuant to Section 223(f) financing for purchase or refinancing. The same limits are also in place for Section 220 financing for housing HUD considers are located in urban renewal areas.
| Bedrooms | Non-elevator | Elevator |
|---|---|---|
| 0 | $68,733 | $80,170 |
| 1 | $76,138 | $88,832 |
| 2 | $90,947 | $108,925 |
| 3 | $112,100 | $136,424 |
| 4+ | $126,909 | $154,259 |
Section 213: Cooperatives
| Bedrooms | Non-elevator | Elevator |
|---|---|---|
| 0 | $74,487 | $79,314 |
| 1 | $85,886 | $89,860 |
| 2 | $103,582 | $109,270 |
| 3 | $132,587 | $141,362 |
| 4+ | $147,711 | $155,175 |
Section 234: Condominium Housing
| Bedrooms | Non-elevator | Elevator |
|---|---|---|
| 0 | $76,007 | $79,989 |
| 1 | $87,640 | $91,695 |
| 2 | $105,696 | $111,504 |
| 3 | $135,295 | $144,251 |
| 4+ | $150,725 | $158,341 |
Section 221(d)(4): Moderate Income Housing
| Bedrooms | Non-elevator | Elevator |
|---|---|---|
| 0 | $68,401 | $73,889 |
| 1 | $77,649 | $84,706 |
| 2 | $93,859 | $103,004 |
| 3 | $117,808 | $133,252 |
| 4+ | $133,121 | $146,274 |
Section 231: Housing for the Elderly
| Bedrooms | Non-elevator | Elevator |
|---|---|---|
| 0 | $65,032 | $73,889 |
| 1 | $72,702 | $84,706 |
| 2 | $86,818 | $103,004 |
| 3 | $104,483 | $133,252 |
| 4+ | $122,838 | $146,274 |
Per-Unit Limits for Substantial Rehabilitation
The most recent published base amount per dwelling unit used to determine substantial rehabilitation for FHA-insured loan programs is $18,392 (2023 figure). This amount is adjusted annually for inflation based on the percentage change published by the Bureau of Labor Statistics or another inflation cost index; HUD’s annual notices do not always restate it. Confirm the current figure with your HUD lender before sizing a deal.
Section 207: Manufactured Home Parks
| Per Space | |
|---|---|
| Per space | $31,553 |
Estimating Future Increases in Limits
HUD adjusts the Basic Statutory Mortgage Limits annually, effective each January 1, using the percentage change in the CPI-U published for the Home Ownership and Equity Protection Act adjustment. To estimate a future year’s limits, apply the most recent CPI-U change to the current table values and round down to the next whole dollar, then confirm against HUD’s published notice before sizing a deal.
Conclusion
The 2026 Basic Statutory Mortgage Limits set the per-unit ceiling for HUD multifamily mortgage amounts by program and building type. Because statutory limits interact with high-cost area adjustments, leverage, and DSCR constraints, the fastest way to size a specific property is to run the numbers with a HUD lender.
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