FHA ups single-family mortgage limits - 2004-01-08
The Federal Housing Administration has bumped up its single-family home mortgage limits by more than 3 percent. Effective Jan. 1, FHA will insure single-family home mortgages up to $160,176 in low-cost areas and up to $290,319 in high-cost areas.
The loan limits for two-, three- and four-unit dwellings also increased. FHA is now sending letters to thousands of mortgage lenders and brokers to make them aware of the higher rates.
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