FHA increases loan limits going into 2017 | Apartment Loan Depot Since 2005 – Fannie Mae and Freddie Mac Multifamily Loans Nationwide

(RECAP: The FHA announced plans on Thursday to increase loan limits in 2017, announcing a significant jump in counties set to increase compared to last year. Due to home price increases, the FHA said that most areas in the country will see a slight increase in loan limits in 2017. These loan limits are effective for case numbers assigned on or after Jan. 1, 2017, and will remain in effect through the end of the year. The FHA recalculates its national loan limit on a yearly basis. The limits are based on a percentage calculation of the nation conforming loan limit. In high-cost areas, the FHA national loan limit “ceiling” will increase to $636,150 from $625,500. FHA will also increase its “floor” to $275,665 from $271,050.)