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*****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. 

 

Tim Bradford
Ohio Mortgage Banker LO.007173.000/ NMLS 250013
Cell: 216.324.8113 Anytime
www.GetAMortgageNow.com or www.Go2Apply.com
www.OhioHomePath.com or www.OhioRuralHomeLoans.com
Serving the Ohio Realtors and Home Buyers and Home Owners
 
This post has been included in Ohio Real Estate News Cuyahoga County, OH Real Estate News Cleveland, OH Real Estate News
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
27
2008
778,296 Points 53 Featured Posts Outside Blog Called Shot Master
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 ?
12:22am • #1
160,659 Points 1 Featured Post Called Shot Master

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.  

 
3:36pm • #2
MAR
28
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.
Lisa
4:05pm • #3
160,659 Points 1 Featured Post Called Shot Master
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.  
5:13pm • #4
APR
14
2008
 Thanks for the info - I sell in the Cleveland Ohio area & appreciate this!
8:15pm • #5
AUG
31
2008

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

 

Thanks

 

Les
1:35pm • #6
160,659 Points 1 Featured Post Called Shot Master

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. 
11:44pm • #7
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Tim Rainmaker_large

Tim Bradford - NMLS 250013

Cleveland, OH

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American Midwest Mortgage

Office Phone: (440) 884-5000

Cell Phone: (216) 324-8113

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