It’s Official…

By admin | November 19, 2008

The limits for FHA loan amounts have been set for 2009.

The Housing and Economic Recovery Act of 2008 includes one provision that has set permanent increases to FHA loan limits.
The following are the increased limits:

$625,500 in high-cost areas
$271,050 in low-cost areas

$417,000 national limit on reverse mortgages (according to HUD)

$800,775 for duplexes in high-cost areas
$967,950 for triplexes in high-cost areas

$1,202,925 for four-unit properties in high-cost areas
$521,250 for four-unit properties in low-cost areas

$938,250 for a single-family residence in Alaska, Guam, Hawaii and the Virgin Islands

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