FHA home loan limits are once again increasing for HUD insured FHA mortgages. The new loan limits are $314,827, up from the current limit of $294,515.
What this means is that for someone looking to purchase a home with the 3.5% minimum down payment, using an FHA loan, can now do so, up to a $326,245 purchase price.
This is the third year in a row that FHA loan limits have increased and continues to show the strengthening and stability of the housing market. The limits also continue to move in lock step with Conventional loan limits as well, which moved up to … (1 comments)
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