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2017 FHA Loan Limits Announced
2017 FHA Loan Limits Announced

 
     HUD announced today updated loan limits for the FHA loan program that will take effect for all FHA Case numbers created on or after January 1, 2017

     As with the recent announcement on conventional loan limits, HUD has implemented maximum loan amount increases in 2,948 counties across the country, with only 286 counties having the same loan limits as 2016.  There were no counties in the country with decreased loan limits for the new year.

To search for your state/county loan limit for 2017 click here (Use the dropdowns, and remember to change the "Limit Year" to 'CY2017')

 
     For those curious why an area didn't see more of an increase or wondering why their county loan limit is lower than they'd expect, it's important to remember what the FHA program is.  FHA is intended to offer a low down payment option mortgage with competitive rates to low and moderate income borrowers.  They also serve niches such as the $100 down HUD owned program, the 203k renovation loan, and disaster relief mortgage products.  The program is not meant to be a primary means of financing for expensive homes or high income borrowers (though in many high cost areas, ... more

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