New FHA Mortgage Limits Announced

The Department of Housing and Urban Development (HUD) released the new FHA mortgage limits. This is part of the economic stimulus bill signed on February 13, 2008.

To find out what they are in your area, click here and select your state and type in your county.

Note that the new limits are only for loans obtained on July 1, 2008 or later and that the loans must be funded (you must close) no later than December 31, 2008.

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