New, Lower Limits on HUD Insured Loans for 2009 in Kootenai County

Real Estate Agent with Keller Williams Realty Coeur d'Alene AB37665

New limits on the maximum mortgage amounts FHA will insure on one-, two-, three- and four-unit houses took effect on January 1st. 

In Kootenai County, the maximum insurable loan amount for a single family home dropped from $286,250 in 2008 to $271,050.  The maximum for a duplex fell from $366,450 to $347,000.  Three-unit property limits went down from $442,950 to $419,425.  The maximum for a four-unit property went to $521,250 from $550,450.

The maximum HUD insurable mortgage for properties in the HOPE for Homeowners program is $550,440.

$417,000 is limit for HECM loans (Home Equity Conversion Mortgages).  These are sometimes referred to as reverse mortgages.

Give me a call if you would like to explore which mortgage product might be best for your real estate objectives in 2009.

Janna Rankin Scharf, AB, GRI, CSP, CNS, CLHMS, provides a superior level of real estate services to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit to search for homes in the Coeur d'Alene MLS for anywhere in spectacular North Idaho.

Janna Rankin Scharf, 208.651.9700

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Janna Rankin Scharf provides a superior level of real estate service to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit for area information and to search for all homes in the Coeur d'Alene Multiple Listing Service. 

No matter how grand or modest your real estate dreams may be, you can turn to me in confidence.  Give me a call today so I can  be of service to you!

Janna Rankin Scharf AB, GRI, CLHMS, PMN, SFR  208.651.9700

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Harold "Hal" Place
A1 Connection Realty, Inc. - Sun City Center, FL

Morning Janna,

I wonder if these reductions are reflective of the revised market values of real estate. The reduction amounts aren't that significant and shouldn't have a serious impact on market activity.

Jan 04, 2009 01:00 AM #1
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Janna, Good information! Thanks for the link!

Jan 04, 2009 08:42 AM #2
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Janna, More good, positive news worth hearing about! Great post!!!

Jan 04, 2009 07:11 PM #3
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Our loan limits dropped in Anne Arundel County, Maryland, as well. I don't think consumers are worried, but lenders and real estate agents are sck about the decreased borrowing power for our customers and clients.

Jan 04, 2009 10:59 PM #4
Kent Anderson
Coldwell Banker Realty-Schweitzer Mountain, Sandpoint, Idaho - Sandpoint, ID
from Schweitzer to the Lake

Thanks, Janna.  I wonder why they did this?  It doesn't seem to be real impactful.

Jan 06, 2009 11:00 AM #5
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Those lower HUD limits are a testiment and a sign of the times :-(

Jan 07, 2009 11:07 AM #6
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ

Hi Janna, it seems that HUD is dropping everywhere. We were over $400,000, but I think we're back to the mid-200's again. ;-)


Jan 10, 2009 12:47 PM #7
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Coeur d'Alene Idaho Real Estate Expert
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