The details below outline the new 2009 FHA loan amounts for RI as well as transition dates for the temporary FHA Jumbo Loan program.
2009 FHA Loan Limits
Effective November 14, 2008, FHA loan limits are calculated at 115% of the area median sales price. For 1-unit, the FHA floor remains at $471,050 and the ceiling is now calculated at 150% of the conventional floor, or $625,500.
FHA Mortgage Limits List
| MSA Name |
MSA Code |
Division |
County Name |
County
Code |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
Last Revised |
Limit Year |
| PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) |
39300 |
|
BRISTOL |
001 |
RI |
$475,000 |
$608,100 |
$735,050 |
$913,450 |
03/05/2008 |
CY2008 |
| PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) |
39300 |
|
KENT |
003 |
RI |
$475,000 |
$608,100 |
$735,050 |
$913,450 |
03/05/2008 |
CY2008 |
| PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) |
39300 |
|
NEWPORT |
005 |
RI |
$475,000 |
$608,100 |
$735,050 |
$913,450 |
03/05/2008 |
CY2008 |
| PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) |
39300 |
|
PROVIDENCE |
007 |
RI |
$475,000 |
$608,100 |
$735,050 |
$913,450 |
03/05/2008 |
CY2008 |
| PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA (MSA) |
39300 |
|
WASHINGTON |
009 |
RI |
$475,000 |
$608,100 |
$735,050 |
$913,450 |
03/05/2008 |
CY2008 |
To determine the maximum loan amount for a given property, go to
https://entp.hud.gov/idapp/html/hicostlook.cfm to search by state and county.
Sean Wheelan
Personal Mortgage Consultant
The Mortgage Group, Ltd
401-965-9384 Cell
508-276-0171 Fax
;)
;)
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