2017 FHA Loan Limits Increase
Below is a list of changes announced by the Federal Housing Administration regarding 2017 loan limits, effective Jan. 1, 2017
2017 FHA Loan Limits
In order to keep pace with rising home prices, the Federal Housing Administration (FHA) increased loan limits for the first time since 2006. These new limits are for case numbers pulled on or after Jan. 1, 2017, and will remain in place through the end of the year.
Here is a breakdown of the changes:
In most areas of the country, the maximum loan limit for one-unit properties will be $424,100, an increase from $417,000.
In high-cost areas, the national loan limit ‘ceiling’ increased to $636,150 from $625,500.
Below is a list of high-cost US Counties that had an increase for 2017
To view a list of specific loan limits by county visit: https://entp.hud.gov/idapp/html/hicostlook.cfm
Sharing important market information is a top priority of mine. As always, you can count on Sierra Pacific Mortgage to make a difference.
Branch Manager & Residential Mortgage Loan Originator
2580 St. Rose Pkwy., Suite #230
Henderson, NV 89074
Office: (702) 420-2250
Fax: (855) 689-6691
Some products and services may not be available in all states. Programs, rates, terms, and conditions are subject to change without notice. Subject to verification of borrower qualifications, property evaluations and credit approval. Terms and conditions apply. This is not a commitment to lend and not all borrowers will qualify. Sierra Pacific Mortgage Company, Inc. may not be the lender for all products offered. Some loans may be made by a lender with whom Sierra Pacific Mortgage has a business relationship. Sierra Pacific Mortgage Company, Inc. NMLS #1788. Nevada Commissioner of Mortgage License #3268. Additional license info available at: www.nmlsconsumeraccess.org. Equal Housing Lender.