Real Estate Blog - New FHA Loan Limits for Ohio Counties (Effective 3/5/2008)

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New FHA Loan Limits for Ohio Counties (Effective 3/5/2008)

*****Revised 11/11/2008 See http://activerain.com/blogsview/784262/OHIO-FHA-2009-Loan-Limits ******

FHA has announced the New FHA Loan Limits. Below is a table that shows those new amounts.

The Current Base FHA Loan Limits Effective 3-5-2008:
One-family	Two-family	Three-family	Four-family
$271,050.00	$347,000.00	$419,400.00	$521,250.00

County Name	MSA Name	One-Family	Two-Family	Three-Family	Four-Family
ASHTABULA	ASHTABULA, OH (MICRO)	$291,250	$372,850	$450,700	$560,100
ATHENS	ATHENS, OH (MICRO)	$432,500	$553,650	$669,250	$831,750
BROWN	CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)	$337,500	$432,050	$522,250	$649,050
BUTLER	CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)	$337,500	$432,050	$522,250	$649,050
CARROLL	CANTON-MASSILLON, OH (MSA)	$277,500	$355,250	$429,400	$533,650
CLERMONT	CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)	$337,500	$432,050	$522,250	$649,050
CUYAHOGA	CLEVELAND-ELYRIA-MENTOR, OH (MSA)	$298,750	$382,450	$462,300	$574,500
DELAWARE	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
FAIRFIELD	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
FRANKLIN	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
GEAUGA	CLEVELAND-ELYRIA-MENTOR, OH (MSA)	$298,750	$382,450	$462,300	$574,500
GREENE	DAYTON, OH (MSA)	$271,250	$347,250	$419,750	$521,650
HAMILTON	CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)	$337,500	$432,050	$522,250	$649,050
LAKE	CLEVELAND-ELYRIA-MENTOR, OH (MSA)	$298,750	$382,450	$462,300	$574,500
LICKING	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
LORAIN	CLEVELAND-ELYRIA-MENTOR, OH (MSA)	$298,750	$382,450	$462,300	$574,500
MADISON	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
MEDINA	CLEVELAND-ELYRIA-MENTOR, OH (MSA)	$298,750	$382,450	$462,300	$574,500
MERCER	CELINA, OH (MICRO)	$292,500	$374,450	$452,600	$562,500
MIAMI	DAYTON, OH (MSA)	$271,250	$347,250	$419,750	$521,650
MONTGOMERY	DAYTON, OH (MSA)	$271,250	$347,250	$419,750	$521,650
MORROW	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
PICKAWAY	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
PORTAGE	AKRON, OH (MSA)	$330,000	$422,450	$510,650	$634,600
PREBLE	DAYTON, OH (MSA)	$271,250	$347,250	$419,750	$521,650
STARK	CANTON-MASSILLON, OH (MSA)	$277,500	$355,250	$429,400	$533,650
SUMMIT	AKRON, OH (MSA)	$330,000	$422,450	$510,650	$634,600
UNION	COLUMBUS, OH (MSA)	$341,250	$436,850	$528,050	$656,250
VAN WERT	VAN WERT, OH (MICRO)	$301,250	$385,650	$466,150	$579,300
WARREN	CINCINNATI-MIDDLETOWN, OH-KY-IN (MSA)	$337,500	$432,050	$522,250	$649,050
All Other Counties	All Other Counties	$271,050	$347,000	$419,400	$521,250

Please have your FHA Buyers Call Me for the BEST Rates

These new limits will also apply to Ohio 203K Loans and Ohio Reverse Mortgages.

Posted by Tim Bradford on 03/06/2008 05:49 PM

Comments (29)

ohio fha loan limits

This post has been included in Ohio Information Cuyahoga County, OH Information Cleveland, OH Information
Post is included in group: Cuyahoga County Ohio Real Estate
Post is included in group: Mortgages
Post is included in group: Northern Ohio ActiveRainers
Post is included in group: Ohio Active Rainers
Post is included in group: The FHA Mortgage Group

29 Comments on New FHA Loan Limits for Ohio Counties (Effective 3/5/2008)

MAR

2008

Hi Tim: I was a Realtor in Northeastern Ohio for nine years, and like to keep up on what is going on in the Cleveland area. Thanks so much for publishing these new FHA mortgage limits. I appreciate it. I was mostly active in the Lake County area, primarily in Mentor. Do you do much business there ?

Karen,

Thanks for your comment. I have always lived and worked the westside of Cuyahoga County and Eastern Lorain County. Hope business down in there is more active than up this way. Prices on homes are great and Interest Rates are great also.

MAR

2008

Can anyone direct me to where the best place to get a FHA Loan to refinance our home that has good rating and is upfront and honest and doesn't give you the run around ? With so many banks out there, I would like to find one who is rated high among its community. Thank you.

We live in the Northeast corner of Ohio in Ashtabula county.

Give me a call. The company I work for has been in business since 1959. I have been with them since 1990 and prior to that 20 years with a bank.

APR

2008

Thanks for the info - I sell in the Cleveland Ohio area & appreciate this!

AUG

2008

Is the fha rates going up in October 2008. I am interested in greene and montgomery county.

Thanks

Les

Les, I do not have a way to send you a message directly. Interest Rates are always changing, so to predict what they will be is impossible. Because you mention the October 2008 date, I suspect you are referring to the FHA MIP. Between 7/14/08 and 10/1/08 we are using tiered pricing. In some cases it is lower than what it was before FHA imposed Risked Based MIP. President Bush said he was suspending the implementation of the Risk based pricing effective 10/1/08. that will take it back to the old 1.50% and .50% monthly. As of yet HUD has not issued a mortagee letter to make Bush's statement official.

Send me a message from my profile page if you have any questions.

NOV

DEC

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