Mortgage Rates Report

What is the new FHA loan limit for  (insert your area)?

I was a guest on Real Estate Radio USA, yesterday, hosted by Barry Cunningham and Barry Johnson.  I talked about the impact of the higher conforming and FHA loan limits and how it might shore up the "desperate" real estate markets.  Real Estate Radio USA is a provocative and engaging program for real estate professionals and airs daily from 1PM-3PM (Pacific Daylight Time).  Listen to my interview here.

If you just want to find out the NEW FHA loan limit, here's a synopsis (click the HUD link, at the bottom of the page, for YOUR new FHA loan limit):

• As high as $729,750 for one-unit properties (as high as $1,094,625 for one-unit properties in Alaska, Hawaii, and the U.S. Virgin Islands).
• As high as $934,200 for two-unit properties (as high as $1,401,300 for two-unit properties in Alaska, Hawaii, and the U.S. Virgin Islands).
• As high as $1,129,250 for three-unit properties (as high as $1,693,875 for three-unit properties in Alaska, Hawaii, and the U.S. Virgin Islands).
• As high as $1,403,400 for four-unit properties (as high as $2,105,100 for four-unit properties in Alaska, Hawaii, and the U.S. Virgin Islands).
• 
  

The maximum loan limits vary by geographic area. To determine the current FHA loan limit for your area, visit HUDs Web site at: https://entp.hud.gov/idapp/html/hicostlook.cfm.

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Brian.Brady 3 feedbacks »

Comment from: Ann Cummings [Visitor] · http://www.newhampshiremainerealestate.com

Hi Brian - that was a great interview you did on the radio, and thanks for the HUD link.  Here in my areas in NH, we got a limit of $1,007,200 for a 4-unit.  Our limits did see a nice bump up, which should prove to be very helpful.  The next county over that I also service in Maine did not see nearly the kind of bump up that will be of much help to buyers there. 

Permalink March 14, 2008 04:09:20

Comment from: Jonathan [Visitor] · http://www.perfectmortgagelender.com/

I was planning for a FHA loan to buy a new house. Thanks for the info. It really helped me understanding the loan limits.

Jonathan

Permalink March 14, 2008 04:44:21

Comment from: Patti Herrinton [Visitor] · http://www.herringtonrealtyco.com

Hi Brian....i listened to your radio interview and you do a top notch job. Thanks for all the great info.

Patti

Permalink March 22, 2008 21:11:20

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