FHA released the new loan limits today for 2010. As you probably guessed, many areas are going to see a decrease from 2008 and 2009 levels going in to 2010. Here in Maricopa County, we will see the max loan limit drop from $346,250 to $271,050 for single family residences. This figure may look familiar to you. You may recall HUD stepped in and raised loan limits temporarily to allow for more folks to qualify for an FHA loan back in 2008.
For a majority of the country, the FHA loan limits will be as follows:
One-Unit $271,050
Two-Unit $347,000
Three-Unit $419,400
Four-Unit $521,250
« Gov't looking into increasing down payment for FHA loans - Bad idea! | Main
December 01, 2009
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e5509e26db8834012875fa38f5970c
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
Comments