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
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.