FHA has issued ML08-36 (http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ ) That sets the Mortgage Limits for 2009. The Mortgage Limits are a little less than the Temporary Increase that was made to FHA Loan Limits. Below is a chart of the new limits that take effect January 1, 2009.
2009 FHA LOAN LIMITS
Check for Current Limits
|
The Base FHA Loan Limits Effective 1-1-2009
|
|
One-family
|
Two-family
|
Three-family
|
Four-family
|
|
$271,050.00
|
$347,000.00
|
$419,400.00
|
$521,250.00
|
|
Higher Limits in the Counties Below
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|
County Name
|
MSA Name
|
One-Family
|
Two-Family
|
Three-Family
|
Four-Family
|
|
DELAWARE
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
FAIRFIELD
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
FRANKLIN
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
LICKING
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
MADISON
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
MORROW
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
PICKAWAY
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
UNION
|
COLUMBUS, OH (MSA)
|
$310,500
|
$397,500
|
$480,450
|
$597,100
|
|
All Other
|
All Other Counties
|
$271,050
|
$347,000
|
$419,400
|
$521,250
|
PLEASE NOTE: This notice is accurate as of the date of printing, however, we reserve the right to make subsequent changes at any time with regard to any matter covered in this notice as a result of a change in policy, law regulation or otherwise.
Because FHA is one of the most popular programs today for buyers with less than 10% down this change may affect some of the borrowers you are working with.
These new limits will also apply to Ohio 203K Loans and Ohio Reverse Mortgages.
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Thanks for this chart I was looking for something like this.