FHA Loan Limit Increase Reminder
Just a reminder that the Department of Housing and Urban Development (HUD) updated FHA loan limits for 2018. Loan limits account for how much money lenders can loan for FHA mortgages. These limits vary based on location and the number of units.
The current loan limits for 2018 are:
- $294,515 in low-cost areas
- $679,650 in high-cost areas
The following table illustrates the loan limits for low cost and high-cost areas as of January 1, 2018.
If you know someone that may qualify for an FHA home loan, contact us today! We’re happy to assist you!
Categories: PRM Blog