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HUDFHA Mortgagee Letter 2009-07 lays out the new FHA loan limits which were put into place by the American Recovery & Reinvestment Act of 2009.

These new loan limits apply to FHA loans that receive approval during calendar year 2009. The national floor limit for FHA insured loans will remain at $271,050. The ceiling for FHA loans in high value areas is now $729,750. These limits apply to the standard FHA 203b loan, the FHA 203k rehab loan, and the 203h loan for disaster victims.

The national reverse mortgage limit is increased from $417,000 to $625,500.

You can find out more information in HUD’s press release.

The FHA limit is determined on a county by county basis. To find out the exact FHA loan limit for individual counties, click here.

FHA Cash Out Refinance Limit Lowered To 85% Loan To Value


Related posts:

  1. New Permanent FHA Loan Limits
  2. FHA Loan Limits Are Now Officially Raised AND Down Payment Assistance Is Continued!
  3. FHA Loan Limits Going Up
  4. Will the FHA Mortgage Limits Get Raised?
  5. FHA Guidelines: New Risk Based Mortgage Insurance Guidelines

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Filed under: FHA guidelines

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