Some good news from the Federal Housing Administration (FHA) today as they announced the new 2021 FHA loan limits. Most of the nation will see an increase, according to a new letter from HUD. FHA calculated 2021’s forward mortgage limits based on the median home prices in accordance with the …Read More
2021 FHA Loan Limits
New 2021 FHA Loan Limits
The Federal Housing Administration (FHA) announced today the maximum loan limits will increase in 2021. The loan limit in lower-cost areas will be $356,362, or about 65 percent of the national conforming loan limit of $548,250. In high-cost areas, the limit will be higher at $822,375. FHA-insured reverse mortgages will …Read More