FHA loans are well known for helping buyers obtain a very affordable house payment. Well FHA, one of the most popular loan programs, just became even cheaper because HUD lowered FHA PMI rates for the 2nd time in 2 years. The charts below compare the prior and now improved FHA PMI rates for varying down payment and loan amounts. FHA Loan Size Limit Increase Benefits Home Buyers & Sellers! Not only has FHA lowered its fees, but it has also raised its loan limits.