FHA Loan Limits Are RaisedNov 18 2011
The Transportation and Housing Appropriations Bill is raising the max loan limit for Federal Housing Administration-backed loans to $729,750 for two years. This should entice more FHA approved originators to enter the market. In addition, the House and Senate have also restored the FHA loan limit for many counties by raising the benchmark from 115% to 125%.
However, conventional loans from Fannie Mae or Freddie Mac are still maxed at $625,500 which used to be maxed at $725,750 in September.