Summary
Housing and Urban Development Secretary Alphonso Jackson announced that the Federal Housing Administration has increased its single-family home mortgage limits by more than 7 percent.
Effective Jan. 1, 2005, FHA will insure single-family home mortgages up to $172,632 in low-cost areas and up to $312,895 in high-cost areas. The loan limits for two-, three- and four-unit dwellings also increased. The FHA is sending letters to thousands of mortgage lenders and brokers to make them aware of the higher rates that can help families.See the full content of this document
Extract
Hud Announces a Raise in Lending Limits
These higher loan limits will help the FHA mortgage insurance program keep pace with the strong housing market whi...
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