On November 17, Congress restored FHA loan limits back to 125% of the area median price of a home (for more information read our post: Congress Restores FHA Loan Limits). While we believe all lenders should be aware of this by now, we wanted to pass on some resources that might make it easier for you and your clients to take advantage of the program.
- HUD Mortgagee Letter 2011-39 (explains that the restored limits are now in effect)
- List of maximum loan limit areas ($729,750)
- List of all areas from the floor of $271,500 to the ceiling of $729, 750