|
The CY2009 basic standard mortgage
limits for FHA insured loans are: |
| |
|
|
One-family |
|
Two-family |
|
Three-family |
|
Four-family |
|
| |
FHA Forward |
|
$271,050.00 |
|
$347,000.00 |
|
$419,425.00 |
|
$521,250.00 |
|
| |
HECM |
|
$417,000.00 |
|
|
|
| |
HOPE for
Homeowners |
|
$550,440.00 |
|
|
|
| |
Fannie/Freddie |
|
$417,000.00 |
|
$533,850.00 |
|
$645,300.00 |
|
$801,950.00 |
High cost area limits are subject to a ceiling based on a
percent of the Freddie Mac Loan limits
The ceilings for CY2009 are: |
| |
|
|
One-family |
|
Two-family |
|
Three-family |
|
Four-family |
|
| |
FHA Forward |
|
$625,500.00 |
|
$800,775.00 |
|
$967,950.00 |
|
$1,202,925.00 |
|
| |
HECM |
|
$417,000.00 |
|
|
|
| |
Fannie/Freddie |
|
$625,500.00 |
|
$800,775.00 |
|
$967,950.00 |
|
$1,202,925.00 |
|
Section 214 of the National Housing Act provides that mortgage
limits for Alaska, Guam, Hawaii, and the Virgin Islands may be
adjusted up to 150 percent of the new ceilings. This results
in new CY2009 ceilings for these areas of: |
| |
|
|
One-family |
|
Two-family |
|
Three-family |
|
Four-family |
|
| |
FHA Forward |
|
$938,250.00 |
|
$1,201,162.00 |
|
$1,451,925.00 |
|
$1,804,387.00 |
|
| |
Fannie/Freddie |
|
$938,250.00 |
|
$1,201,162.00 |
|
$1,451,925.00 |
|
$1,804,387.00 |
|
|
|
Find out more about a FHA
mortgage using our FHA
calculator
Find more information about FHA Loan Limits in you area
Click Here
A FHA loan can allow you to
include the costs of your home improvements in your loan. With
HUD's 203 (k) program you can purchase or refinance a home that
needs improvements and include all repair and improvement costs in
the loan. Learn more about
FHA refinancing or
compare FHA vs conventional
loans.
FHA loans can even help you to
make your home more energy-efficient. The FHA recognizes that with
a more energy-efficient home, the homeowner can afford to pay a
higher mortgage; therefore, the FHA can also include these types
of repairs in the original loan also. Learn about the
FHA Energy Efficient Program.
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