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FHA Loan Limits are back up as of now!

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MBOhio2
Established Contributor

FHA Loan Limits are back up as of now!

I assume I'm not the only one following developments on this topic, so I thought I would start a new string to confirm that, as of this morning, HUD's website is now reflecting the new (or restored) higher loan limits. See here to search for the limits in your area:

 

https://entp.hud.gov/idapp/html/hicostlook.cfm

 

As you can see, there are 2 new options in the drop-down, including "Nov 18, 2011 - Dec 31, 2011" and "CY2012." HUD's website back-dates the new limits for the remainder of 2011 to Nov 18th (when Obama signed the bill into law), so the loan limits are in effect now.

 

No new Mortgagee Letter has been issued yet, but I'm sure it's coming soon.

 

CORRECTION: I was wrong, HUD did issue a new Mortgagee Letter last Friday, which can be found here: http://portal.hud.gov/hudportal/documents/huddoc?id=11-39ml.pdf

Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
July 2017 Current Scores: Approx 710 (waiting for official updates)
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