New FHA loan limits

On Oct. 1, we will see the maximum loan sizes for FHA loans reduced back to the original loan levels prior to the run-up in home prices. Buyers and sellers would be best advised to follow this change carefully and plan accordingly.

The lowering of the HUD (FHA) loan limits is but one of many changes headed our way.

To check current loan limits visit HUD's website https://entp.hud.gov/idapp/html/hicostlook.cfm

If you were planning to buy or sell in the higher price ranges, you may want to start now before the new reduced limits take effect!