FHA Loan Limits to Revert Back to Pre - 2008 Levels. - 06/27/11 09:16 PM
Barring Congressional action, the Federal Housing Administration (FHA) loan limits will revert back to loan limits determined under the Housing and Economic Recovery Act (HERA) for loans insured by FHA on or after October 1, 2011.
They are proposing that, as of October 1, 2011, the FHA Loan Limits revert back to the loan limit percentages prior to 2008. For Maricopa County, that means a decrease from the current limit of $346,250 down to $271,050! If you are thinking of purchasing a home and wish to use an FHA loan which allows as little as 3.5% down payment you need to … (0 comments)

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