Loading ...2009 FHA Limit Set
by: MortgageDaily.com
Emergency economic legislation temporarily increased the limit on loans insured by the Federal Housing Administration. But that increase is set to expire this this year. However, other legislation made permanent increases to maximum FHA loans.
H.R. 5140, the Economic Stimulus Act of 2008, was signed by President Bush on Feb. 13.
Among other provisions, it temporarily raised — until Dec. 31, 2008 — the FHA limit in high-cost areas to $729,750. Prior to the legislation, the FHA limit was $362,790.
