Adjustment for rising home prices increases FHA ceiling in high-cost markets like New York, San Francisco and Washington, D.C., and raises the floor in low-cost markets to $524,225
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years
The Department of Housing and Urban Development partners with Zillow for 'Let's Make Home the Goal,' a campaign aimed at connecting minority communities with HUD pre-housing counseling
Annual home price appreciation of 5.5% pushes FHA loan limits up to a minimum of $498,257 in affordable markets and to a ceiling of up to $1.72M in high-cost states like Alaska and Hawaii
Having slashed premiums on new FHA loans by 35% in March, and with insurance in force growing faster than reserves, HUD officials are showing no signs they'll give in to industry demands