HUD announced the 2009 FHA maximum home mortgage loan limits for Riverside, San Bernardino, San Diego, Orange, and LA Counties. The increase, back up to the temporary 2008 loan limits, was a result of the American Recovery and Reinvestment Act of 2009 (ARRA) which was signed into law on February 17, 2009. Lenders are now accepting the higher loan limits and ready to give money away!
What this means for you is HUD/FHA will insure a larger loan amount with as little as a 3.5% down payment and very competitive interest rates.
Single Unit Two Unit Three Unit Four Unit
Riverside & San Bernardino $500,000 $640,000 $773,700 $961,550
San Diego $546,250 $699,300 $845,300 $1,050,500
Orange County $729,750 $934,200 $1,129,250 $1,403,400
Los Angeles $729,750 $934,200 $1,129,250 $1,403,400
I wanted to report this correctly because many people and/or websites, out of confusion, seem to be reporting the limits incorrectly at a lower amount.
If you would like to inquire about qualifying for an FHA loan please call me @ 951-215-6119 or visit the Temecula Murrieta FHA VA Mortgage blog
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About the Author: Brad Yzermans is an experienced licensed Loan Officer & Mortgage Planner with Watermark Capital providing FHA, USDA, VA, and Conventional home financing to purchase or refinance homes in Riverside & San Bernardino Counties, Temecula, Murrieta, Menifee, French Valley, Winchester, Wildomar, Lake Elsinore, Sun City, Hemet, Corona, Moreno Valley, Riverside, and the entire Inland Empire.
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