FHA Home Loans - Santa Rosa, Ca - New FHA Loan Limits and Proposals for 2010

Mortgage and Lending with FHA, VA, Conforming, Jumbo - Wells Fargo Home Mortgage

FHA Home Loans, Santa Rosa, CA - New FHA Loan Limits and Proposals for 2010

FHA Home Loans, Santa Rosa, CA - FHA SealI'm not a big fan of posting technical or industry news about lending because I think it's a dry subject, but I ran across this information today on FHA's Proposals and Loan Limits for 2010 and thought it would be good to share with my Realtors and real estate agents in the Sonoma County Wine Country Real Estate Market. Based on what I've read, FHA is cracking down on the smaller brokers.

I have a feeling these new rules will force many of the small brokers who currently originate FHA Home loans to either close up shop or join forces by combining their net worth in order to originate FHA Home loans. Or, the broker simply doesn't originate FHA Home loans and focuses on a nitch product. Either way, these new proposed rules by FHA, if the come to pass, will change how many of us in the lending world do business. If you want to read the proposals in detail, go to www.hud.gov. and read the Mortgagee Letter 2009-50.

Here are some of the highlights of the Proposals for 2010:

Brokers will no longer be approved by FHA to participate in their programs

Mortgage Brokers who originate FHA loans will be the responsibility of the sponsoring lender.

FHA Lenders will have to have a net worth of 2.5 million dollars, up from the previous $250,000

Conforming FHA loan limits will continue to be $417,000.

The Low Cost Area's FHA loan limits will remain the same at 2009. Currently, they are as follows:

  • One - Unit $271,050 floor
  • Two Unit $347,000
  • Three Unit $419,400
  • Four Unit $521.250

FHA Loan limits for High Cost Area's will also remain the same. They are currently at:

  • One Unit $729,750
  • Two Unit $934,200
  • Three Unit $1,129,250
  • Four Unit $1,403,400

BTW- Santa Rosa, CA is considered a high cost area. I believe all of Sonoma County is considered a high cost area. I hope this post on FHA Home Loans, Santa Rosa, CA - New FHA Loan Limits and Proposals for 2010 was helpful.

All of these FHA proposals will be effective on January 1st of 2010 if they are accepted. Also, the seal on this page does not constitute any support or backing from FHA. I just thought it was a cool seal to use with my post.

Posted by


Anthony Ebright NMLSR ID #247647

Home Loan Officer / FHA and VA Specialist




You can reach Anthony Ebright at 707-548-0752 if you need help refinancing or purchasing your home in Sonoma County, Santa Rosa, Healdsburg, Petaluma, Rohnert Park, Sebastopol, Bodega Bay, Windsor, Cloverdale, Guerneville, Sonoma.



Anthony Ebright is a Home Loan Officer in Santa Rosa, California. His opinions and statements are his own. Wells Fargo does not endorse any comments made by its employees on this blog. All statements and viewpoints expressed in the comments are strictly those of the commenter alone, and do not constitute an official position of any lending institution.


Copyright 2009. © Anthony Ebright. All rights Reserved.
NMLSR ID #247647

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Lending / Financial
California Sonoma County Santa Rosa Bennett Valley
All About Mortgages/Mortgage Networking
Realtors Needing the services of the Lending Powers
1st Time Buyers
Northern California Real Estate Professionals
northern california
santa rosa
sonoma county
fha loan limit
fha home loan
fha lender

Spam prevention
Show All Comments
David Zablatsky
Avant Realty Group - Needham, MA
Real Estate - Needham, MA


Alot of good information, thank you for posting and sharing.



Dec 01, 2009 02:10 PM #1
Ellen Crawford
Maximum One Executive REALTORSĀ® - Alpharetta, GA
Alpharetta Real Estate Agents & Alpharetta REALTOR

This is excellent information.  Thank you for taking the time to share.

Dec 01, 2009 02:40 PM #3
Anthony Ebright - NMLSR ID #247647 Purchase and Refinance Mortgages
FHA, VA, Conforming, Jumbo - Wells Fargo Home Mortgage - Santa Rosa, CA

RE: New FHA Loan Limits for 2010 and Proposals - FHA Home Loans, Santa Rosa, CA

David, thanks for dropping by, I'm glad this posting was helpful

Charlote - You're in the right place if you're with a corespondent lender.

Ellen - Thanks for your comments.

Dec 02, 2009 01:03 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Anthony Ebright - NMLSR ID #247647 Purchase and Refinance Mortgages

Ask me a question

Additional Information