Loan Limits Increased to Keep Up with Appreciation

Due to the drastic increase in real estate prices over the last year, the Federal Housing Administration (FHA) has announced new loan limits for 2022 for its Single Family Title II forward and Home Equity Conversion Mortgage insurance programs.  The agency is statutorily mandated by the National Housing Act and the Housing and Economic Recovery Act of 2008 to reevaluate loan limits on a …

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Source: DS News

2021-12-01T17:11:45-06:00