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The new FHA loan limits

Wednesday, March 05, 2008


They're here!!!!!! The new FHA loan limits!!!

The Federal Housing Administration has agreed to increase the borrowing limits in Montgomery County and surrounding areas to the maximum of $729,750.00!

This is great news for those interested in purchasing a home who might have a little more debt than the next person.  The FHA qualifying rations are more flexible than those of the non-government loan programs.

Furthermore, FHA loans historically have also included Mortgage Insurance in their monthly payment, as of the most recent news, mortgage insurance was added during 2007 as a tax deduction on the long form.  Well, that is still the case, which is very different from the past.

Again, as usual, if you have any real estate questions or needs, feel free to call on us at Confidence Title.  Keep in mind that we also work with very many lenders and would be happy to refer you to a number of highly qualified mortgage lenders!


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