FHA Has Increased Loan Limits for 2018

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The Federal Housing Administration (FHA) announced a new schedule of loan limits that will go into effect on Jan. 1, 2018. In high-cost areas of the country, FHA’s loan limit ceiling will increase from $636,150 to $679,650, while its floor will increase from $275,665 to $294,515. The national mortgage limit for … Read More

2017 Conforming Loan Limits Have Increased!

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For the first time since 2006, the conforming loan limits have increased. In 2017, the baseline loan limit for most counties across the U.S. will be $424,100, a slight increase over 2016. More expensive markets, such as New York City and San Francisco, have conforming loan limits as high as $636,150. Anything … Read More