FHA Loan Limits

Each year, HUD sets the FHA loan limits by county for all 50 states. Borrowers got good news when HUD announced the 2010 FHA loan limits. There are many benefits to homeowners when FHA limits allow higher loan amounts. FHA rates remain at record lows so more Americans can qualify for affordable home financing when HUD keeps the FHA loan limits higher, especially in high cost areas like California, Colorado, Connecticut, Florida, Hawaii, Maryland, New York and Virginia. Since conforming loan limits have tightened credit and equity requirements, FHA financing supports a good percentage of homeowners, so FHA mortgage limits are more important than ever.

Congress Signs Bill to Keep FHA Loan Limits High

FHA guidelines have tightened as well, but they continue to be more flexible with credit and equity compared with traditional lenders. FHA Home Loan Refinancing provides FHA financing in all 50 states, but the FHA limits vary significantly by county and state. In 2010, the single-family FHA loan limit continues to start at $271,050 and goes as high as $729,750 in high cost regions of the country. FHA loan programs remain a key component in the government’s expansion for home ownership.  2010 FHA loan limits were considered good news by FHA lenders and borrowers who were concerned that Congress would reduce loan limits on all FHA products.  Since FHA mortgage limits can change frequently, please contact your FHA lender to verify applicable FHA loan limit changes. (see www.hud.gov).

2010 FHA Loan Limits
FHA Hope for Homeowners