FHA Announces Increases in the 2024 FHA Loan Limits On December 1, 2021 the FHA announced increases to the national “floor” loan limits from $356,362 in 2021, to $420,680 in 2022. The National Housing Act requires the FHA to review average national year-to-date home sales for the current year to determine what the new limits…
FHA Increases Loan Limits for 2020 The Federal Housing Administration (FHA) announced increases to their loan limits for the majority of the United States to $331,760 in 2020. The decision was due to another increase in median home price sales during 2019. The increase in FHA loan limits for 2020 is almost $17,000 higher than…
New FHA Condo Rules Loosens Guidelines Effective October 15th 2019, the new FHA condo rules for FHA approved condos will go into effect. This is a long awaited change that will open the condo market and will provide home buyers with greater flexibility in using FHA insured loans when shopping for a home. Today, every…
HUD Reduces FHA Cash Out Refinance Limits to 80% LTV August 5, 2019 In an effort to reduce risk and exposure to future borrower default, HUD has reduced the FHA cash out refinance limits from 85% to 80% LTV. Today, homeowners are able to cash out up to 85% of their home value using an…
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