Industry NewsMortgage

New FHA loan limits released

73 counties at $729,750 cap, 666 can surpass floor
Published on Feb 26, 2009

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by CareyBot

The Federal Housing Administration has implemented new limits for its loan guarantee programs that will allow it to insure mortgages of up to $729,750 in 73 counties with high-cost housing markets, and loans above the $271,050 "floor" in more than 600 other counties with elevated home prices.

The Department of Housing and Urban Development has updated a Web search page that provides FHA mortgage limits by state, county or metropolitan statistical area to incorporate the new limits.

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