July 22, 2024

FHA Loan Limit Reductions Expected To Have Small Impact On Borrowers

On or after October 1, 2011, FHA loan limits will be reduced in 20% of the counties that are eligible for FHA financing. The FHA currently insures loans in 3,334 counties of which 669 will be subject to lower loan limits. Due to the severe downturn in the economy and the fear that banks would […]

FHA Maximum Loan Limits To Be Reduced

Maximum loan limits on FHA loans are scheduled to change on September 30, 2011.  Unless Congress passes legislation authorizing the extension of “high-cost” loan limits, many counties will be subject to lower maximum loan amounts. FHA loan limits were originally based on 95% of the median home price of a particular county, subject to maximum […]