FHA Releases Loan Limits Mortgage Letter

 Today FHA Has Released Mortgage Letter 2011-39 Addressing The “New” Higher Cost Loan Limits. Date: December 2, 2011.

Link for the Full Letter: http://portal.hud.gov/hudportal/documents/huddoc?id=11-39ml.pdf

Links for the Attachments Listing Individual Counties:

Attachment 1:  High Cost Areas: http://portal.hud.gov/hudportal/documents/huddoc?id=11-39mlatch1.pdf

Attachment 1:  Areas Over Base Loan Limits and Ceiling: http://portal.hud.gov/hudportal/documents/huddoc?id=11-39mlatch2.pdf

 

The FHA national loan limit “floor” remains at 65 percent of the national conforming loan limit (which remains at $417,000 for a one unit property) for the period November 18, 2011 through December 31, 2012.

One Unit $271,050

Two Unit $347,000

Three Unit $419,425

Four Unit $521,250

 

For areas designated as high-cost in 2008 under the ESA, the FHA national loan limit “ceiling” is $729,750 for a one-unit property. The ESA maximum FHA loan limits (the ceiling) by property size for period stated in this mortgagee letter are as follows:

One Unit $729,750

Two-Unit $934,200

Three-Unit $1,129,250

Four-Unit $1,403,400

A list of the counties at this ceiling for case numbers assigned from November 18, 2011 through December 31, 2011 is provided in Mortgagee Letter 10-40 as Attachment I.

A list of counties at the ceiling for case numbers assigned from January 1, 2012 through December 31, 2012 is provided in Attachment I of this Mortgagee Letter.

 

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