2016 FHA Loan Limits Released

Dated: 12/10/2015

Views: 184

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LOAN FHA LIMITS WILL BE GOING UP IN THE NEXT COMING YEAR!!! WHAT DOES THIS MEAN? READ MORE ON OUR BLOG ! BIG CHANGES TO COME FOR FIRST TIME HOME BUYERS AND FHA BUYERS!!!!! SOMETIMES WAITING FOR A GOOD TIME MAY NOT ALWAYS BE THE BEST!!!!



FHA's loan limit floor -- which is 65% of the Federal Housing Finance Agency's conforming loan limit -- is still $271,050. The ceiling will also stay at $625,500.

The administration calculates loan limits annually by using a value worth 115% of the median home price in each area. The updated limits kick in on Jan. 1.

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